Today’s Forbes Daily features AI giant Nvidia’s record valuation, X’s CEO steps down as Grok unveils new model, Fed eyes rate cuts, Les Wexner’s CoreWeave bet and more.

Goldman Sachs highlights undervalued AI winners including Nvidia, Broadcom, Cadence, and Synopsys, citing a transition in the AI investment cycle.

On Wednesday, Nvidia became the first company in history to reach $4 trillion market valuation as shares rose more than 2 percent, reports CNBC. The GPU maker's stock has climbed 22 percent since the start of 2025, continuing a trend driven by demand for AI hardware following ChatGPT's late 2022 launch.

Silicon Valley chipmaker Nvidia on Wednesday became the first publicly traded company to surpass a $4 trillion market valuation, putting the latest exclamation point on the investor frenzy surrounding an artificial intelligence boom powered by its industry-leading processors.

Nvidia-backed Perplexity AI said on Wednesday it has launched Comet, a new web browser with AI-powered search capabilities, as the startup looks to challenge the dominance of market leader Alphabet's Google Chrome.

Tim Seymour, Seymour Asset Management CIO, said in a recent program on CNBC that major tech companies are cutting back on AI spending plans and investors seem to be looking past market uncertainty.

Nvidia NVDA stock price today, July 10, continues to draw strong investor attention as shares extend their rally amid booming demand for AI chips and tech optimism. With NVDA showing sharp intraday moves and trading volume surging,

Stocks were mixed to start the day on Thursday, but Nvidia and other artificial intelligence shares continued to power higher ahead of an earnings season that's sure to test the market’s rebound. The Dow Jones Industrial Average was down 38 points,

Nvidia Corp. became the first company in history to achieve a $4 trillion market valuation, cementing its status as a kingpin in the global financial market. Shares jumped 2.8% to $164.42 on Wednesday to crack the milestone,

The cloud-based AI offerings and internal AI models at the heart of the latest tech transformation have generated an industry-wide line item paid out to Nvidia.