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.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
