IXIC: Nasdaq Composite Soars to New Record as Huge Nvidia Milestone Lifts US Stocks

Markets cheered chip giant’s $4 trillion threshold with the Nasdaq popping nearly 1% on Wednesday to settle at a new record close.

💸 Nasdaq Rides Nvidia’s $4T Wave

• The Nasdaq Composite IXIC jumped nearly 1% on Wednesday, closing at a fresh all-time high of 20,611.34 as Wall Street cheered Nvidia’s historic $4 trillion milestone.
• Nvidia’s NVDA mind-blowing market cap moment put rocket fuel under other tech names, pushing the broader tech trade firmly back in favor after a few jittery sessions.
• The Nasdaq topped its previous closing high from Friday, showcasing how much muscle the AI-driven rally still has when a market boss like Nvidia flexes. But also, Bitcoin BTCUSD soared to a record high, too, blasting above $112,000 for the first time ever.

🚀 Broader Market Follows Tech’s Lead

• The S&P 500 rose 0.6% and finished just a hair away from its own record close, while the Dow Jones Industrial Average added 218 points, up 0.5% for the day. “Tariffs? Never heard of that,” investors on Wednesday, probably.
• The upbeat mood highlighted how money spinners are rotating back into risk assets, brushing aside worries about tariffs, trade wars, and wobbling inflation data.
• Now what? Time for a new test. Earnings season kicks off next week — any signs that the AI boom is losing steam could be the first real speed bump for this record run.

👀 Eyes on Earnings Season

• A bit more about the stock of the day (and year, and decade?). Nvidia’s $4 trillion market cap threshold marks a milestone that cements it as the ultimate poster child of the AI trade — and a reminder that megacaps still call the shots.
• Other AI-adjacent stocks joined the rally yesterday, helping lift sentiment across small-caps and growth names that had been lagging behind recently.
• With big tech earnings looming in a few weeks, traders are wondering: can the red-hot momentum survive the reality check of fresh numbers, or is a pullback in the cards? Watch for any hint of revenue drop or cautious forward guidance.