Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.

U.S. stocks are drifting around their record levels in mixed trading on Tuesday. The S&P 500 was 0.1% higher and nearing its all-time high, which was set on Thursday. The Dow Jones Industrial Average was down 167 points,

Nvidia shares hit a record high Wednesday as the AI investor favorite became the first company ever to reach a market capitalization of $4 trillion. Monitor these key chart levels.

One analyst boosted his price target on Nvidia’s stock to a level that would imply a $5.7 trillion market cap, with the chip maker seemingly cleared to sell its H20 chip in China again.