Nvidia is more expensive than ever: US investors are taking advantage of the stock market rally

Nvidia more expensive than ever
US investors are taking the pace out of the stock market rally

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The AI ​​pioneer Nvidia is causing a storm of enthusiasm among US investors; the semiconductor company has now reached a stock market value of over two trillion US dollars. But they can’t be saved for the weekend. There is also profit taking on other stocks.

The rally on the US stock exchanges sparked by chip manufacturer Nvidia lost some of its momentum at the end of the week. The Dow Jones Index the standard values ​​closed 0.2 percent higher at 39,131 points. The broad one S&P 500 went out of trading barely changed at 5088 points. Both indices have now reached fresh all-time highs. The technology-heavy one Nasdaq However, it fell 0.3 percent to 15,996 points. Investors cashed in on stocks from market heavyweights such as Apple, Alphabet and Tesla.

Nvidia
Nvidia 731.20

Also at Nvidia one record chases the next. The shares rose by 4.9 percent to an all-time high of $823, then the gain fell to 0.4 percent. The pioneer in the field of artificial intelligence (AI) was worth more than two trillion dollars for the first time during the trading day. The papers have been soaring since the chip designer and AI pioneer’s quarterly report presented on Wednesday evening topped Wall Street’s high expectations. On Thursday alone, the stock market value grew by $277 billion – the largest daily gain in the history of Wall Street. “I suspect the recovery will run out of steam at some point. Excessive market exuberance will likely lead to a noticeable decline,” said Peter Cardillo, chief economist at Spartan Capital Securities. Art Hogan, market strategist at B Riley Wealth, however, still sees room for improvement. “We see that artificial intelligence will create a lot of excitement in the stock markets. Nvidia clearly has even more potential ahead of it.”

Travel values ​​under pressure

Away from the tech sector, stocks stood out Warner Bros Discovery with a loss of around ten percent. The media group posted an unexpectedly high quarterly loss due to a weak advertising market and the consequences of the strikes in Hollywood.

WarnerDiscovery WarnerDiscovery
WarnerDiscovery 7.94

Payment company shares block were buoyed by the prospect of a surprisingly high profit in the current quarter. The shares jumped by more than 16 percent. The company expects adjusted core profit of between $570 million and $590 million for the three months ended March 31, compared with analysts’ average estimate of $511 million.

Shares of Booking Holdings fell by more than ten percent after a poor outlook. The online travel agency forecast gross bookings growth of five to seven percent for the first quarter, significantly slower than the 44 percent increase the company reported just a year ago. “After more than two years of strong stock performance, the slowdown in booked room nights could lead to a bit of a pause in stocks,” wrote RBC Capital Markets analyst Brad Erickson. Also the papers of the competitors Expedia and Airbnb lost around two percent each.

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