Overview
- Nvidia, which set a fresh all‑time high Monday, now tops $5 trillion in market value and sits about $1 trillion ahead of Alphabet.
- Polymarket pricing shows about 91%–93% odds that Nvidia is No. 1 on June 30, with roughly $42,000 needed to shift the odds by five points and only a slim payout for a winning bet.
- Five Big Tech giants report this week and Jerome Powell holds his final Fed press conference, creating a test for Nvidia’s lead and for the AI trade that has lifted markets.
- Geopolitical stress and trade moves threaten sentiment, as U.S.–Iran tensions lift oil and new U.S. tariffs squeeze Apple’s supply chain, while export limits have already cut AMD sales and left Nvidia with a dominant share of AI accelerators.
- AI hardware demand keeps the chip rally hot, with TSMC’s first‑quarter sales up 35% year over year and banks touting Nvidia’s cash‑flow power, even as some strategists warn market leadership could broaden from here.