Nvidia stock has climbed 174% in 2024, as the AI boom continues to boost equities. The stock market was closed Wednesday for the Juneteenth holiday. S&P 500 futures were little changed on Wednesday as investors look for the benchmark to add to its latest record high. Nvidia already surpassed Apple by market cap earlier in June, and has cemented its place as the de facto market leader at the helm of the roaring AI theme on Wall Street. "Is it any surprise that we continue to argue that Wall Street (i.e., SP 500) is beating to a different drum than is Main Street (underlying US economy)?"

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Persons: Scott Chronert, Thomas Fitzpatrick, O'Brien Organizations: Nvidia, Microsoft, Nasdaq, Apple, Investors, Broadcom, Citi, Associates