Nvidia reaches $164.12 and $4 trillion market cap. First company to reach the milestone.

Technical Analysis

Nvidia shares reached $164.12 and in doing so topped $4 trillion of market capitalization. Getting above $163.93 took the market capitalization above that milestone level.

Meanwhile, the NASDAQ index is currently up 183 points or 0.89% at 20600.31. The high price reached 20603.77. The all-time intraday high price reached last week came in at 20624.51. The highest close ever was reached last week at 20601.10. The current price is pushing against that high closing level.

The S&P index needs to close above 6279.25 to closed at a new record level the high price today reached 6266.94 so far. The current price is trading up 41.33 points or 0.67% at 4267.09.

Shares of Nvidia are currently up 22% for the year.

This article was written by Greg Michalowski at www.forexlive.com.