On June 18th Eastern Time, the market continued to rise against the backdrop of weak retail data and multiple officials expressing patience with interest rate cuts. The Nasdaq and S&P 500 index have reached new historical highs, with the Nasdaq hitting a new closing high for seven consecutive trading days.
In early trading today, the NASDAQ Index ETF (159501), which tracks the NASDAQ 100 index, rose 0.22%, with intraday prices reaching a new high since listing.
It is worth noting that on June 18th, the US stock market ushered in a milestone event, with Nvidia ascending to the throne of the world's most valuable company. Its stock price rose 3.51% to $135.58, reaching a new historical high, with a total market value of $3.335 trillion, surpassing Microsoft and Apple in one fell swoop. This leap in market value once again proves the market potential of artificial intelligence technology and the great interest of investors.
Some market analysts believe that in the next year, Nvidia, Apple, and Microsoft will become the focus of the $4 trillion market value competition in the technology industry. With the advancement of the Fourth Industrial Revolution, the demand for these chips from businesses and consumers is increasing day by day. Nvidia's GPU chips are essentially new gold or oil in the field of technology.
In addition, some institutions predict that the strong opening momentum of the US stock market in 2024 will continue into the second half of the year, thanks to a solid profit foundation, the end of the Federal Reserve's monetary tightening policy, and strong economic performance. The US stock market will continue to be boosted in the coming months.
Investors without stock accounts can also leverage the NASDAQ Index ETF Link Fund (016533) to explore long-term opportunities in US stock technology. According to the latest announcement, the daily purchase limit for each fund account of the linked fund has been increased from 10000 to 1 million yuan.