Global stock markets saw gains on Wednesday as U.S. chipmaker Nvidia made history by becoming the first publicly traded company to reach a $4 trln market value, fueled by continued demand for artificial intelligence technologies, as reported by the NY Times.
Nvidia’s share price rose 2.6% to over $164 in early New York trading, bringing its year-to-date gains to 22% and marking a 24% increase over the past year.
The rally came despite fresh economic tensions, with President Donald Trump announcing a potential 50% tariff on copper imports, a key material for electronics and chipmaking. U.S. copper prices surged to record highs on the news.
Trump also warned of tariffs of up to 200% on pharmaceutical imports during a cabinet meeting, as his administration intensifies its trade policy ahead of the election cycle.
Elsewhere, major indices like the FTSE 100 and other European markets climbed, as investors largely shrugged off Trump’s broader tariff threats announced earlier this week targeting 14 trading partners.
Kursiv Uzbekistan also reports that a new research paper by London-based think tank Exponential Science reveals significant inequality in how decision-making power is distributed across popular blockchain platforms like Bitcoin, Ethereum, Cardano, Hedera and Algorand.
