Investors were watching for fresh updates on trade Thursday and tuning into Fed speakers, while the Nasdaq Composite fights to advance its string of record closing highs this year.

U.S. stocks closed at record highs Wednesday, with the Nasdaq leading the charge after Nvidia became the first chipmaker to cross a $4 trillion valuation. The tech rally helped offset market concerns over President Donald Trump’s latest round of tariffs.

Nvidia shares rose to a new record Thursday, helping lift the S&P 500 and Nasdaq composite to all-time highs of their own. The artificial intelligence chip-maker closed Thursday’s trading with a valuation of more than $4 trillion,

Nvidia became the first company to hit $4 trillion in market cap on Wall Street. CNBC's Martin Soong and Chery Kang talked about the report that Nvidia could launch a new AI chip designed for China to circumvent U.

Nvidia (NASDAQ: NVDA) is the largest publicly traded company, with a market cap of about $3.8 trillion on Friday afternoon, and a stock price that's just below its all-time high.

Nvidia's stock market value ended the trading session above $4 trillion, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology.