New York, RakyatNTT.ID The U.S. stock market on Wall Street closed at another record high on Tuesday, driven by a sharp rally in Nvidia shares amid growing optimism in the artificial intelligence (AI) sector.

According to Reuters, Nvidia CEO Jensen Huang announced plans to build seven AI supercomputers for the U.S. Department of Energy, alongside securing $500 billion in chip orders — marking one of the largest AI infrastructure deals in history.

Following the announcement, Nvidia stock jumped 5%, adding over $230 billion in market capitalization and placing the company on the verge of becoming the first-ever $5 trillion firm in valuation.

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Wall Street Indexes Close Higher

All three major U.S. stock indexes finished the session higher:

  • Dow Jones Industrial Average rose 161.78 points (0.34%) to 47,706.37.
  • S&P 500 gained 15.73 points (0.23%) to 6,890.89.
  • Nasdaq Composite Index climbed 190.04 points (0.8%) to 23,827.49.

The technology sector led the gains, with Microsoft and Nvidia driving momentum across the board.

Microsoft Strengthens AI Partnership with OpenAI

Microsoft Corp. shares also rose 2% after confirming that OpenAI — the developer of ChatGPT — will transition into a Public Benefit Corporation (PBC).