Nvidia stock rises to another record high as the AI trade continues to dominate markets.
Stocks were rising Wednesday as expectations for Federal Reserve interest-rate cuts increased. Stitch Fix rose 23%. Not only did the personal styling company’s quarterly earnings come in stronger than expected, management raised its financial guidance for the fiscal year.
Just a few points more in stock gains and Nvidia will get into the history books as the third U.S. company on record to close above the $3 trillion market cap milestone. The stock is trading at $1,213.