US Stocks in Motion | Nvidia (NVDA.US) rises 2.8% to a record high, market cap tops $5.7 trillion.

Zhito Finance APP has learned that on Friday, Nvidia (NVDA.US) surged at the open, rising as much as 2.8% intraday to a record high, with its market capitalization surpassing $5.7 trillion. On the news front, according to The Information, citing people familiar with the matter and a SoftBank statement, Nvidia and SoftBank have each completed the final $10 billion investment in OpenAI's previous funding round, fulfilling their respective $30 billion investment commitments. At the same time, after the release of the latest U.S. nonfarm payrolls data, the market reduced its bets on a Federal Reserve rate hike in October, which together drove a large-scale rebound in U.S. technology stocks.