Wall Street looked to keep momentum from a tech-fueled rally that saw Nvidia leap to become the world's first $4 trillion public company.

Nvidia is now holding an 7.3 percent share of the S&P 500 -the highest of any firm -- surpassing Apple and Microsoft with approximately 7 per cent and 6 percent respectively.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Nvidia ( NVDA 1.80%) remains one of the best artificial intelligence (AI) stocks on the market. But with the chipmaker now trading at a price-to-sales multiple of 26.4, many investors may wonder if shares have gotten too expensive to buy. Don't be fooled: Nvidia stock is still reasonably priced.

The chip maker’s stock touched an intraday level needed to achieve a $4 trillion market cap, and set a new peak closing market-cap record

Nvidia reached another milestone in its rise to becoming one of the world's most important companies: the first publicly traded company to reach a market value of $4 trillion.

Nvidia ( NVDA 1.10%) has been one of the best investments to own over the past few years. However, if you examine how the stock has performed in 2023 and 2024, it's clear that the second half of the year hasn't been as strong as the first half, though it's still been positive.

Interactive Brokers chief strategist Steve Sosnick characterized the current market as a combination of momentum and fear of missing out (or FOMO), as Nvidia (NVDA) reached a significant milestone while the Nasdaq Composite (COMP:IND) hit record highs.