Nvidia just felt the positive effects of the victory of Donald Trump in the presidential elections as its shares soared to a record high on Thursday, surpassing a market value of $3.6 trillion. The company will also replace rival Intel Corp in the Dow Jones Industrial Average (DJIA) and Dow Jones Utility Average (DJUA) effective prior to the open of trading on November 8.
The Republican candidate's win ushered an increase in AI chipmaker's shares by 2.2%, thanks to the optimism felt among investors in anticipation of possible tax cuts and easing of regulations under a Trump presidency, Reuters reported.
