In a remarkable milestone, Nvidia (NVDA) has achieved a $3 trillion market capitalization, surpassing Apple (AAPL) to become the second most valuable company in the US. Yahoo Finance's Brad Smith and Seana Smith break down the semiconductor giant's meteoric rise. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Apple is expected to unveil its big generative AI push with new capabilities for the iPhone. But don’t expect generative AI itself to spur a new iPhone sales supercycle this year.
The S&P 500 and Nasdaq hit highs and many stocks flashed buy signals on just-right economic data. Nvidia topped a $3 trillion valuation, passing Apple.