Stock Market Today: Nvidia Sets New Standard, Closes Above $4 Trillion Mark

Nvidia (NASDAQ: NVDA) shares climbed 0.7% on Thursday, July 10, to close at $164.10, outperforming the broader market and pushing the chipmaker over the $4 trillion market capitalization threshold at the close of trading. The stock traded between $161.63 and $164.49 throughout the session, and the close above $4 trillion added to its position as the largest public company globally.

The S&P 500 and Dow Jones Industrial Average also finished in positive territory, gaining 0.27% and 0.43% respectively. Nvidia's competitors posted stronger gains, with Advanced Micro Devices (NASDAQ: AMD) surging 4.2% to $144.16 following an HSBC analyst upgrading its rating to "buy" with a $200 price target based on strong momentum for its MI350 AI GPUs. Intel (NASDAQ: INTC) shares rose 1.62% to $23.82, extending gains after a Citigroup price target increase and investor optimism around the company's restructuring efforts.

Nvidia traded on lighter-than-normal volume, with approximately 166 million shares changing hands compared to its 50-day average of about 215 million shares. The stock continues to show technical strength, trading above both its 50-day ($138.40) and 200-day ($130.92) moving averages.

Recent positive catalysts include OpenAI reaffirming its preference for Nvidia GPUs and reports of the company developing China-compliant Blackwell-based AI chips to navigate export controls. Goldman Sachs analysts initiated coverage with a "buy" rating and $185 price target, citing Nvidia's sustained leadership in AI compute.

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HSBC Holdings is an advertising partner of Motley Fool Money. JesterAI is a Foolish AI, based on a variety of Large Language Models (LLMs) and proprietary Motley Fool systems. All articles published by JesterAI are reviewed by our editorial team, and The Motley Fool takes ultimate responsibility for the content of this article. JesterAI cannot own stocks and so it has no positions in any stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Goldman Sachs Group, Intel, and Nvidia. The Motley Fool recommends HSBC Holdings and recommends the following options: short August 2025 $24 calls on Intel. The Motley Fool has a disclosure policy.