The tech-heavy Nasdaq $NDAQ climbed above 17,000 points Tuesday morning as AI stock Nvidia $NVDA continued to rise. With this move, the index has made a record for the third consecutive week.
The index reached a record high for the third consecutive week
The tech-heavy Nasdaq $NDAQ climbed above 17,000 points Tuesday morning as AI stock Nvidia $NVDA continued to rise. With this move, the index has made a record for the third consecutive week.
Nvidia shares surged more than 4.5% Tuesday morning, driven by last week’s strong performance. The AI chip maker now has the best business brand reputation in America, according to a recent survey.
Meanwhile, the Dow Jones Industrial Average lagged, falling 139 points, or 0.4, to 39,932, while the S&P 500 added 0.01%. All three major indexes have made record highs this month, which indicates a strong stock market.
Apple stock jumped almost 1% in the afternoon trading.
GameStop $GME stock climbed more than 30% in afternoon trading on Tuesday, following the completion of its latest share sale.
The company said Friday that it sold 45 million shares of common stock for approximately $933.4 million. It had disclosed that it would be carrying out an “at-the-market” equity offering, meaning that its newly issued shares were sold at market prices.
-Rocio Fabbro and William Gavin contributed to this article
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