NVIDIA Corp. (NASDAQ: NVDA) closed at a 52-week high on October 14. This continues an impressive run for the stock which is up 177% in 2024 and 202% in the last 12 months, massively outperforming other technology stocks. The company’s market capitalization also jumped $519 billion in the nine days ending October 14, 2024.

The Nasdaq composite was up 0.6%, as of 10:05 a.m. Eastern, while the Dow Jones Industrial Average was lagging the rest of the market with a drop of 95 points, or 0.2%. Tesla led the way with a gain of 16.

U.S. stocks are falling Wednesday as more steam comes out of Wall Street’s huge, record-breaking rally. The S&P 500 was down 1.1% in late trading and heading for its worst drop in six weeks. It’s also on track for its first three-day losing streak since then,

Wall Street is holding steadier, thanks in part to a surge for Tesla’s stock. The S&P 500 was 0.2% higher in early trading Thursday and on track to break its first three-day losing streak since early September.

Shares were trading higher in Europe after a retreat Thursday in Asia following a third straight day of losses on Wall Street as its long, record-breaking rally lost more steam. Oil prices gained more than $1.

Coming off a third straight losing session, trading on Wall Street was mixed in the early going as major U.S. companies continued to report their most recent financial results.