NVIDIA's Market Cap Nears $4T on AI

U.S. stocks closed higher, with NVIDIA's market capitalization nearing 4 Trillion dollars. This surge in market capitalization underscores the increasing demand for NVIDIA's products, particularly in the artificial intelligence and data center sectors. The company's strong performance is a testament to its innovative technology and strategic investments, which have solidified its position as a leader in the semiconductor industry. This growth is also attributed to NVIDIA's successful expansion into new markets and its adaptability to changing consumer preferences.

The rebound in U.S. factory orders for May signals a positive trend for the manufacturing sector, which has been grappling with supply chain disruptions and labor shortages. The increase in orders indicates that businesses are optimistic about the economic outlook and are investing in capital goods to meet growing demand. This rebound also reflects the government's efforts to support the manufacturing sector through various fiscal and monetary policies.

Meanwhile, Iran has reiterated its commitment to the nuclear non-proliferation treaty, marking a significant development in the ongoing negotiations between Iran and the international community. Iran's willingness to adhere to the treaty is a positive sign for regional stability and could open the door to a diplomatic resolution of the nuclear crisis. This commitment highlights the importance of multilateralism in addressing global challenges and the necessity of international cooperation to maintain peace and security.