NVIDIA leads Nasdaq to new high with record market cap

From NASDAQ.: 2024-06-18 17:44:00

On Tuesday, the stock market closed with major indices in the green. The Dow rose +0.15% and the S&P 500 hit its 31st record-high close this year. The Nasdaq, led by NVIDIA, gained +0.03%, reaching a new all-time high. NVIDIA’s stock has skyrocketed, achieving a market cap of $3.34 trillion, making it the world’s most valuable company.

KB Home reported strong fiscal Q2 results, with earnings of $2.50 per share exceeding expectations. Revenues of $1.71 billion also beat estimates, with an average selling price for new homes higher than last year. Net orders increased by +2% year over year, but deliveries declined by -4%.

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Read more at NASDAQ.: NVIDIA Literally Pulls Nasdaq to New All-Time High