NVIDIA Hits $4 Trillion Market Cap, Dow Jones Hovers Near All-Time Highs, Tariff News and FOMC Ahead

[Redator]

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.

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

Source: TradingView.com (click to enlarge)

more to follow....

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