Private payrolls data ahead, Nvidia's record close - what's moving markets
Shares in Nvidia soared to their highest-ever closing price on Tuesday, bringing the chipmaking giant's market capitalization up to $1.2 trillion.
Shares, which have more than tripled in 2023, were given even more of a boost in the prior session after Nvidia announced a new partnership with Google. The agreement will give the tech titan's clients more access to Nvidia's powerful H100 graphics processing units.'s returns this year, according to Reuters, making it the standout performer in what has been a strong annual rally across megacap tech stocks.
Bitcoin spiked after the move, and has risen by 5.54% to $27,407.5 over the past 24 hours as of 05:43 ET on Wednesday. Other major cap coins, including Ether, also climbed, while crypto exchange Coinbase closed nearly 15% higher on Tuesday.
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