Nasdaq Hits 23rd Record High as Nvidia Nears $6 Trillion Market Value

2 hour ago 2 sources neutral

Key takeaways:

  • Elevated 10-year Treasury yield at 5.301% may pressure BTC as risk capital tightens.
  • AI-driven equity records could siphon speculative flows, keeping ETH range-bound near-term.
  • Absent direct crypto catalysts, traders should watch Nasdaq and yields for BTC direction.

US equity futures advanced on Tuesday after the Nasdaq Composite posted its 23rd record close of 2026, with AI-related names continuing to drive sentiment. Dow Jones Industrial Average futures rose 317 points, or 0.6%, while S&P 500 futures added 0.5% and Nasdaq 100 futures gained 0.7%.

Nvidia climbed more than 2% in premarket trading, pushing its market value toward $6 trillion. The move followed strong results from Taiwanese manufacturing partner Foxconn, which signaled continued global demand for AI hardware. At the same time, Treasury yields remained elevated, with the 10-year note at 5.301%, its highest closing level in 24 years, and 30-year yields at 5.663%, a level last seen in 2002.

Energy prices eased, as Brent crude fell 0.7% to $99.62 per barrel and West Texas Intermediate dropped 1.1% to $88.41, helped by rising Middle East supply and a Saudi price cut for Asian buyers. In individual stocks, Option Care Health surged 22% on reports of a possible $5 billion acquisition, Lucid Group edged up after deliveries exceeded production for a second straight quarter, and Nike slipped further after weak guidance. The moves reflect an equity market focused on AI momentum, inflation hedges, and muted Federal Reserve rate expectations, with no direct crypto-specific catalyst in either report.

Disclaimer

The content on this website is provided for information purposes only and does not constitute investment advice, an offer, or professional consultation. Crypto assets are high-risk and volatile — you may lose all funds. Some materials may include summaries and links to third-party sources; we are not responsible for their content or accuracy. Any decisions you make are at your own risk. Coinalertnews recommends independently verifying information and consulting with a professional before making any financial decisions based on this content.