The chipmaker extended its winning streak to a seventh consecutive week — and the 11th in the last 12 — nearly doubling its share price from early April lows in just over three months.

Wall Street indexes closed higher on Wednesday, led by the tech-heavy Nasdaq as Nvidia briefly reached a $4 trillion valuation, and Federal Reserve meeting minutes fueled hopes that inflation pressures from President Donald Trump's tariffs would not derail interest rate cuts this year.

A day after Nvidia set a new record by reaching a $4 trillion market cap, at least three Wall Street analysts issued new reports that rated the stock a buy, according to Bloomberg data. The bulls pointed to Nvidia’s role as the premier chipmaker and the fact that compared to its fundamentals,

Discover how Citadel Securities solidifies its dominance in market-making with a key acquisition from Morgan Stanley.

Nvidia has rebounded about 74% from its lows in April, when global markets were jolted from U.S. President Donald Trump's tariff volley.

Financial market participants have pushed out yet again the end date for the effort to shrink the size of the Federal Reserve's large balance sheet, the minutes of the U.S. central bank's June 17-18 policy meeting showed on Wednesday.

Wall Street was relatively quiet early Wednesday with major indexes ticking up modestly as the Trump administration seeks to win more favorable deals with global trading partners. Futures for the Dow Jones Industrial Average rose 0.

Stifel's Barry Bannister believes the stock market is in store for a 12% correction amid stagflation fears.

Moves have been muted despite increasing rhetoric in recent days about higher trade levies

U.S. stocks are higher in afternoon trading Wednesday as Wall Street weighs the latest developments in Trump's trade wars.