Overview
Australian shares are poised to rise, bolstered by broad gains in New York where Nvidia became the first company to trade above the $US4 trillion ($A6 trillion) valuation mark.
Nvidia rose 1.8 per cent on the day to $US162.88, finishing with a market value of $US3.97 trillion. It peaked at $US164.42 during the session.
Investors were paying less attention to the trickle of “trade” letters being released by President Donald Trump on his social media platform, with tariff rates mostly in line with what he previously proposed.
Source: https://www.afr.com/markets/equity-markets/asx-to-rise-wall-st-rallies-broadly-nvidia-resets-record-high-20250710-p5mduc