00:00It's Benzinga bringing Wall Street to Main Street.
00:02NVIDIA shares rose 2.3% on Wednesday and extended their winning streak to six sessions
00:08after CEO Jensen Huang joined Trump and other executives at a China summit focused on AI and
00:14technology, according to the Wall Street Journal. NVIDIA briefly became the first company to reach
00:18a $5.5 trillion market capitalization during intraday trading. The rally lifted semiconductor
00:25stocks and pushed the S&P 500 and NASDAQ to fresh record highs. Chip and memory stocks fell
00:31sharply Tuesday, with the PHLX Semiconductor Index dropping as much as 6.7% before recovering to
00:39close down 3% amid volatility in the AI-driven semiconductor rally. Investors also bought
00:46$51 million worth of NVIDIA shares on Tuesday during a broader semiconductor sell-off.
00:51For all things money, visit Benzinga.com.
00:55catch ya!
00:55see you
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