Nvidia reclaims the AI trade as Big Tech pushes toward record highs

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Nvidia reclaims the AI trade as Big Tech pushes toward record highs
PrimeXBT Editorial Team
Reviewed by PrimeXBT

Nvidia shares rose 1.80% on Sept. 3, 2026, as Big Tech names pushed toward record highs, with the chipmaker reclaiming its position as the leading force in the AI trade. The Roundhill Magnificent Seven ETF advanced 2.43% and is closing in on its May peak. Major U.S. indices also gained on the day.

Nvidia shares climbed 1.80% on Sept. 3, 2026, as Big Tech names pushed back toward record highs. The chipmaker is re-establishing itself as the leading force in the artificial-intelligence trade after spending the earlier part of 2026 in the shadows of smaller, faster-rising semiconductor stocks.

The Roundhill Magnificent Seven ETF added 2.43% and is closing in on its May peak. This time, Nvidia is driving the advance.

Broader indices also climbed. The Dow Jones Industrial Average gained 1.18% to 53,686.11. The S&P 500 rose 1.06% to 7,747.71. The Nasdaq Composite advanced 1.40% to 26,584.06.

Meanwhile, the Cboe Volatility Index fell 5.79% to 14.32.

Tesla jumped 5.42%. Meta gained 3.01%, rounding out gains across the Magnificent Seven alongside Microsoft, Amazon, Alphabet and Apple, which also traded higher on the day.

Source: MarketWatch.com – Top Stories (snippet-based)

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