Nvidia’s market value returns to $5 trillion
[Nvidia's market value returns to US$5 trillion] U.S. stocks closed higher on Friday. South Korean memory chip giant SK Hynix's first day of trading on Nasdaq was hot, boosting market confidence in the memory chip sector. Its ADR opened at US$170, 14% higher than the issue price of US$149, and closed up 12.76% at US$168.01. NVIDIA rose 4.03%, and its market value returned to US$5 trillion. Apple, Google and Amazon were slightly lower.
U.S. stocks closed higher on Friday. South Korean memory chip giant SK Hynix's strong performance on its first day of listing on Nasdaq boosted market confidence in the memory chip sector. Its ADR opened at US$170, 14% higher than the issue price of US$149, and closed up 12.76% at US$168.01. Memory chips strengthened, with SanDisk rising 3.10%, Seagate Technology rising 2.78%, Western Digital rising 0.78%, but Micron Technology falling 1.24%. NVIDIA rose 4.03%, and its market value returned to US$5 trillion. Apple, Google and Amazon were slightly lower. (