Nvidia Hits $350 in 2025: Norwegian Cruise Line and DraftKings Stock Updates
Discover how Nvidia's soaring AI chip sales, Norwegian Cruise Line's upgrade, and DraftKings' tax challenges are shaping the stock market in June 2025.
With over 25 years of experience, Bill McColl has excelled as a senior producer and writer in TV, radio, and digital media, leading teams through major news stories and broadcasts.
Highlights
- Nasdaq reached a new intraday peak on June 4, 2024, driven by tech giants like Nvidia.
- Nvidia's stock climbed following impressive earnings and news of Elon Musk's xAI adopting Nvidia technology.
- Norwegian Cruise Line surged after Mizuho upgraded its rating, citing strong cost-cutting and favorable market trends.
On June 4, 2024, U.S. equities showed mixed results: tech stocks propelled the Nasdaq to record levels, while the Dow Jones saw a slight decline and the S&P 500 edged higher.
Nvidia (NVDA) led the S&P 500 gains, continuing its momentum after a stellar earnings report and announcements that Elon Musk's xAI will integrate Nvidia products, fueling investor confidence.
Shares of Norwegian Cruise Line (NCLH) jumped significantly following an upgrade and increased price target by Mizuho Securities, highlighting effective cost management and positive industry dynamics. Viking Cruises (VIK) also reached record highs after major banks initiated optimistic coverage.
In contrast, DraftKings (DKNG) faced a sharp decline after Illinois passed legislation raising taxes on sports betting operations, impacting its revenue outlook.
Campbell Soup (CPB) shares dropped as the company announced job cuts and plant closures aimed at reducing expenses.
Commodities saw gains with oil and gold futures climbing, while the 10-year Treasury yield rose. The U.S. dollar strengthened against the yen but weakened against the euro and pound. Major cryptocurrencies experienced a downturn.
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