Its forward price-to-earnings ratio of 26 reflects market confidence in sustained growth. The S&P 500’s rally, fueled by Middle East de-escalation, has lifted tech stocks, with the Nasdaq-100 – where Nvidia is a top holding – iss approaching a record high.

As shares rose and oil prices fell, Iran’s foreign minister said there was no formal deal but said Iran would stop if Israel did and referred to the war in the past tense. “The military operations of our powerful Armed Forces to punish Israel for its aggression continued until the very last minute,