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Nvidia Hits Record High as Market Value Reaches $5.7 Trillion

The AI chipmaker's stock topped its May peak on Friday, helped by a record $150 billion buyback and a weak jobs report that cooled bets on Fed rate hikes.

Nvidia Hits Record High as Market Value Reaches $5.7 Trillion

We haven't written up this one. Decrypt has the full story — the link below goes straight to it.

Also reported by 4 other outlets

Read the original at decrypt.co →

More in Finance & Markets

Supply is elastic, installment #1637

For taxes too: Using administrative data from Scandinavian countries, we provide evidence on international migration responses to wealth taxes and evaluate their aggregate economic implications.

  • 1 percentage point wealth tax increase reduces wealthy taxpayers by 2%
  • Potential 0.02% employment reduction for affected businesses
  • 0.07% decrease in investments and 0.10% drop in value added

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