Oil breaks US$100, Wall Street retreats and bond yields rise, inflation is becoming the market’s biggest risk again Global markets are starting Thursday in a more defensive position. Brent crude has broken above US$100 a barrel , U.S. Treasury yields are pushing higher, and Wall Street fell for a third straight session as investors reassess whether central banks may need to keep tightening rather than easing. For Malaysian investors, the key chain today is increasingly clear: Oil → inflation → interest rates → bond yields → USD/MYR → Bursa valuations. 30-second market snapshot Market / Asset Latest 🇺🇸 S&P 500 7,636.36, -0.48% 🇺🇸 Dow Jones 52,380.66, -0.77% 🇺🇸 Nasdaq 26,253.34, -0.64% 🇲🇾 FBM KLCI 1,714.34, virtually flat 💵 USD/MYR ~4.06 🇺🇸 U.S. 10Y Treasury ~4.84% 🇺🇸 U.S. 2Y Treasury ~4.42% 🥇 Gold ~US$4,396/oz 🛢️ Brent crude US$101.21/bbl 🛢️ WTI crude US$96.05/bbl ₿ Bitcoin ~US$79,300 🇯🇵 Nikkei ~64,760, -0.6% this morning Brent jumped about 3.4% Wednesda...
If you thought Nvidia had peaked, think again.
The AI chip titan just printed a fresh all-time high, closing Thursday at $159.34, with an intraday peak of $160.98. The stock is now up nearly 13% over the past month, and its market cap? A jaw-dropping $3.89 trillion — yes, that makes Nvidia the most valuable company on the planet.
What’s Powering the Beast?
Let’s break it down:
1. Macro Tailwind: Strong Jobs Data
Wall Street bulls charged ahead Thursday after labor market numbers crushed expectations, cooling recession fears. The S&P 500 and Nasdaq 100? Both pushing record highs. Tech stocks, especially the Magnificent Seven, led the charge.
2. AI Is Still the Hottest Trade on Earth
Dan Ives of Wedbush is betting Nvidia and Microsoft could both hit $4 trillion market caps this summer, with room to grow beyond $5 trillion in the next 18 months. Call them the cornerstones of the AI revolution — and he’s not wrong.
3. Washington’s Sweetheart: Chips Get a Boost
Congress passed the “One Big Beautiful Bill” (yes, that’s really the name) — and it increased the chip investment tax credit from 25% to 35%. For Nvidia, that’s like putting rocket fuel into a jet engine. More fabs. More chips. More AI dominance.
4. Golden Cross Alert
The VanEck Semiconductor ETF (SMH) just flashed a bullish “golden cross” — a technical signal where the 50-day moving average crosses above the 200-day. Nvidia makes up over 21% of the ETF. This isn’t a fluke; it’s momentum in motion.
Benzinga Edge Says:
Growth Score: 98.59 — sky-high.
Momentum: 78.44 — strong upward trend.
Value: 6.92 — investors are paying a premium. But hey, greatness isn’t cheap.
Final Take: Is It Too Late?
Maybe. Maybe not.
Nvidia's valuation isn’t for the faint of heart, but this isn’t just another tech darling — this is the engine room of the AI era. With policy support, global demand, and relentless innovation on its side, this rocket may still have stages left to ignite.
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