REDATOR Ben Graham Posted July 9, 2025 REDATOR Report Share Posted July 9, 2025 Nvidia hit a $4 trillion market value on Wednesday, becoming the first public company to do so. Its stock rose 2.4% to $164, driven by strong demand for AI technology.Nvidia first passed the $2 trillion mark in February 2024, and first passed the $3 trillion mark in June, now at $4 trillion in Early July. Nvidia is now up about 74% from its April lows, when global markets were jolted from U.S. President Donald Trump's tariff volley. One concern for market participants continues to be the outsize weighting of Nvidia and other ‘mag 7’ stocks on the S&P 500. Nvidia now holds a 7.3% weight, fellow tech heavyweights like Apple and Microsoft hold 7% and 6% respectively.The impact of Nvidia's rise today coupled with optimism around potential trade deals has helped the Nasdaq 100 to fresh all-time highs. close close Source: LSEG Data, Google Gemini Infographic Source: LSEG Data, Google Gemini Infographic Technical Outlook - Nasdaq 100 From a technical standpoint, the Nasdaq 100 has continued to edge higher since breaking above the 22000 handle in the last week of June.Trade deal optimism has been driving the recent move, while decent US data has also helped matters.Earnings season kicks off this month and could come into play in the weeks ahead, for now though any positive trade deal announcements could see the Nasdaq continue its rise.There is a bit of divergence in play on the H4 chart at the moment with the rsi printing a lower high while price has printed a higher high. Could we see a short-term pullback before the next leg higher?Nasdaq 100 H4 Chart, July 9, 2025 close Source: TradingView.com (click to enlarge) Source: TradingView.com (click to enlarge) more to follow.... Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© {CURRENT_YEAR} OANDA Business Information & Services Inc. Visitante_43233f80 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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