The stock market closed at record highs with the focus on Nvidia's exceptional first quarter earnings, driving gains for S&P 500 and Nasdaq. Nvidia's strong financial performance, including a significant increase in net income and a 10-for-1 stock split announcement, has lifted tech-led gains.
The company's stock surged post-earnings, surpassing $1,000 and crossing a market cap of $2.5 trillion with expectations to hit $3 trillion. Analysts have revised price targets for Nvidia, anticipating sustained growth and addressing any key challenges, showcasing the firm's continued dominance.
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