The US markets notched record highs on Wednesday, buoyed by comments from Federal Reserve Chairman Jerome Powell that the US economy is in "remarkably good shape." The tech-heavy Nasdaq Composite (^IXIC) index closed up 1.3% at 19,735.12.
Cloud and E-commerce Companies Shine
Cloud and e-commerce company Amazon (AMZN) hit intraday all-time highs, as did iPhone maker Apple (AAPL). Chipmaker Nvidia (NVDA) ended the session up 3.5%, trading near previous highs. Shares had eased back slightly by pre-market trading on Thursday morning but only edged 0.5% lower.
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Nvidia Partners with TSMC
Reuters reported that Nvidia was in discussions with Taiwan Semiconductor Manufacturing Co (TSM,2330.TW), for its AI Blackwell chips to be produced at TSMC’s new plant in Arizona. Sources said that TSMC was already making preparations to begin production early next year.
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Coinbase Shares Surge
Shares in cryptocurrency exchange platform Coinbase surged 7% on Wednesday, as the price of bitcoin hit a record high of $64,804.22.
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Bitcoin Hits Record Highs
The price of bitcoin has surged to a new all-time high, surpassing the previous record set in April 2018.
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- Bitcoins (BTC): USD(BTC)
Other Companies in the News on Thursday 5 December
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