NEWS
NVIDIA becomes the first company to hit US $ 4 trillion market cap
NVIDIA has become the first company to ever top a US $ 4 trillion market cap.
NVIDIA, with its headquarters in California, is a technology company known for designing and manufacturing graphics processing units( GPUs), which are used in various applications.
According to Josh Gilbert, Market Analyst at eToro, NVIDIA’ s meteoric rise highlights the sheer momentum of this AI boom, which isn’ t showing any signs of slowing down. NVIDIA has become the heartbeat of the market, making up around 7.5 % of the S & P 500 and nearly 10 % of the Nasdaq 100. In the same way Apple symbolised the smartphone era, NVIDIA now defines the AI era.
Nigel Green, CEO of deVere Group, one of the world’ s largest independent financial advisory and asset management organisations, said the milestone is a‘ wake-up call’ for investors to take AI even more seriously – and more strategically.
“ NVIDIA passing US $ 4 trillion is not just a market moment, it’ s a turning point,” he said.“ It tells us that AI is the defining economic engine of our time, and it needs to be present in every serious investor’ s portfolio.”
He added:“ AI isn’ t a bubble – it’ s a foundational technology, comparable to electricity or the Internet. We are in the early stages of a multi-decade transformation.”
Trump delays higher tariffs but announces new rates for some countries
President Donald Trump has delayed setting certain tariff rates which were due to expire on July 9.
Indonesia( 32 %), Bangladesh( 35 %), Serbia( 35 %), Cambodia( 36 %) and Thailand( 36 %).
He announced that the rates will now expire on August 1. President Trump also sent tariff letters to some countries informing them of their new reciprocal tariff rates, which will take effect on August 1.
The White House said that President Trump took these actions based on information and recommendations from senior officials, including information on the status of trade negotiations.
These countries include: Japan( 25 %), South Korea( 25 %), South Africa( 30 %), Kazakhstan( 25 %), Laos( 40 %), Malaysia( 25 %), Myanmar( 40 %), Tunisia( 25 %), Bosnia and Herzegovina( 30 %),
In some instances, countries will be subject to a revised reciprocal tariff rate that is lower than the rate initially announced on April 2. For others, the reciprocal tariff rate may be higher than the previous rate.
Since Trump modified the tariff rates roughly 90 days ago, dozens of countries have agreed or offered to lower their tariff rates and eliminate non-tariff barriers.
Trump has separately announced tariffs for key sectors, such as steel and cars.
On May 8, the UK and the US announced the general terms of a trade deal aimed at mitigating the impact of US tariffs on UK industries.
And on July 2, Trump announced that the US had reached agreement on a framework of a trade deal with Vietnam. x
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