Nvidia Breaks Records Amidst Wall Street Surge

Wall Street indices soared, buoyed by Nvidia reaching a historic $5 trillion valuation. Investors anticipate a Federal Reserve rate cut alongside strong Big Tech performances. Nvidia's rise is bolstered by substantial AI chip orders and plans for government supercomputers, marking a significant boost in 2025 U.S. equities.

Wall Street's major indices soared to record highs on Wednesday, with Nvidia marking a historic milestone by surpassing a $5 trillion valuation, the first company to do so. This surge comes as investors eye a Federal Reserve rate cut and anticipate robust results from Big Tech.

Nvidia's stock surged 4.7% after CEO Jensen Huang revealed $500 billion in AI chip orders and announced plans to build seven supercomputers for the U.S. government. This impressive performance has fueled a significant rise in U.S. equities in 2025, with Nvidia's stock already climbing about 50% this year.

The S&P 500 and Nasdaq Composite also registered increases, driven by optimism in artificial intelligence and potential Federal Reserve rate adjustments. As the Fed is expected to trim rates, and with investor attention on trade deals and earnings announcements, the market dynamics remain robust despite challenges faced by companies like Boeing and Fiserv.

(With inputs from agencies.)