Stocks Reach New Highs as AI Rally Drives Market
Wall Street advanced with Nvidia topping 3 trillion in value as S&P 500 and Nasdaq hit records led by tech giants Microsoft Apple and Meta. Nvidia rose 5.2 percent year to date surpassing 3 trillion alongside Micro soft and Apple. Dollar Tree slipped 4.9 percent after missing revenue, while Treasury yields fell on mixed data and ISM prices cooled in May.
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Nvidia Surges Past 3 Trillion In Market Value Amid Stock Split
Nvidia led a market surge pushing its value beyond 3 trillion as AI demand drives record results. The chipmaker plans a 10 for 1 stock split to boost affordability for holders of record as of June 6, with Friday trading closing the odd shares. Revenue for the latest quarter more than tripled from a year earlier, signaling strong fiscal 2025 expectations and a high profit margin near 53 cents per dollar of revenue.
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Court appearance for AI robocall voter suppression case
Political consultant Steven Kramer appeared in Belknap County Court amid 13 felony counts for alleged voter suppression and impersonation linked to AI generated robocalls mimicking President Biden. Prosecutors seek $10,000 cash bail to ensure court return. defense cites travel and past court appearances.
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YouTube tightens gun video rules to shield underage users
YouTube will bar videos showing how to remove firearm safety devices and restrict home made guns, automatic weapons, and certain gun accessories to users 18 and older effective June 18. The move follows advocacy calls for stronger age controls and driven by concerns about minors encountering violent or extreme gun content.
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