Donald Trump is set for a major stop in the 2024 money race Thursday when travels to Silicon Valley for a high-profile fundraiser with tech billionaires.
Nvidia shares hit a historic milestone Wednesday afternoon, closing above $3 trillion in market value for the first time. Nvidia has benefited from expectations for its next generation of artificial-intelligence chips. Both Tesla and Hewlett Packard Enterprise executives called out the chip maker as the dominant supplier in the AI boom.
General Motors (NYSE: GM) CEO Mary Barra assured investors that electrification is well underway with May being GM’s best ever EV sales month, defying the slowdown even the EV king, Tesla Inc (NASDAQ: TSLA), is struggling with. The EV push is owed to ongoing growth for Cadillac Lyriq, Chevrolet Blazer EV, GMC Hummer EV and Chevrolet Silverado EV, but more will be known when GM reports its second quarter results in July. Barra also noted that GM still expects 2024 to be a record year of EV sales.