Nvidia closed at a record high on Wednesday, pushing its market capitalization above $5 trillion for the first time since it briefly crossed that level earlier this year. The milestone makes Nvidia one of the most valuable companies ever traded on a public market. The stock has been driven higher by sustained demand for Nvidia's AI chips, which power data centers run by the world's largest technology companies. Spending on AI infrastructure has remained strong even as broader markets have been volatile, giving Nvidia an unusually steady growth story. At over $5 trillion, Nvidia's market cap exceeds the GDP of every country except the United States and China. The valuation reflects investor confidence that AI hardware spending will keep growing, and that Nvidia will retain its dominant position in that market. Watch for whether the stock can hold above the $5 trillion mark, previous attempts have faded. Upcoming earnings reports from major cloud and tech companies will signal whether the AI spending cycle that underpins Nvidia's valuation is accelerating or plateauing.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
