Wall Street posted fresh all-time highs this week, fueled by a relentless rally in Nvidia Corp. (NASDAQ:NVDA), which became the first company in history to surpass a $4 trillion market capitalization, igniting optimism across the tech and AI sectors.
The chipmaker extended its winning streak to a seventh straight week — and the 11th in the last 12 — nearly doubling its share price from early April lows in just over three months.
This surge pushed the combined market value of the so-called Magnificent Seven — Apple Inc. (NASDAQ:AAPL), Microsoft Corp. (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META), Alphabet Inc. (NASDAQ:GOOGL), Tesla Inc. (NASDAQ:TSLA) and Nvidia Corp. (NASDAQ:NVDA) — to a …