Bitcoin Hits $1-Trillion Value, Nvidia Outweighs Google And Amazon, Hot Inflation Pauses Stock Gains: This Week In The Markets
Bitcoin (CRYPTO: BTC) surged past $50,000 this week, catapulting to a $1-trillion market valuation just a month after the Securities and Exchange Commission granted approval for the first spot Bitcoin exchange-traded fund. In a similar trend, Nvidia Corp. (NASDAQ:NVDA), the semiconductor giant riding the artificial intelligence wave, surpassed both Amazon.com Inc. (NASDAQ:AMZN) and Alphabet (NASDAQ:AMZN), solidifying its position as the third-largest U.S. company, trailing only Apple Inc. (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT). Two inflation reports that exceeded expectations this week prom…