July 10 (Lagos) - Chip-maker Nvidia Inc today closed above the USD 4 trillion mark for the first time becoming the first Company to do on the US stock exchanges.
Nvidia makes chips that power the Artificial Intelligence revolution that is ongoing. Generational AI softwars like OpenAI run on Nvidia chips.
The stock is risen 80% from the lows of just 2.5 months ago and now seems to be powering ahead.
Back home the Nigerian stock market has been on a winning spree as well with the all stock index approaching the 125k mark this week. We could break through that level over the next 2 trading sessions to make it happen this week.
Today's big winners were banking stocks led by ACCESSCORP,
UBA ,
ZENITHBANK and
GTCO along with Brewery stock
NB and
CHAMPION kept up its momentum from a slew of positive releases from the Company. Insurance stocks joined the gains today as well with
AIICO ,
MANSARD ,
CONHALLPLC ,
PRESTIGE while the most valuable Insurance stock
CUSTODIAN was down by over 2% today after its recent gains.