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Nvidia's earnings were a major test for the AI-fueled rally on Wall Street that first pushed the S&P 500 above the 5,000 point mark earlier this month. Some analysts had cautioned that disappointing results could spark a steep selloff among technology stocks.
The Dow Jones industrials also hit a record high of 38,994.50 points earlier in the day.
The benchmark S&P 500 index hit a fresh record high on Thursday after a blowout revenue forecast from AI darling Nvidia boosted investor confidence in the sector and sparked a rally in growth and...
The S&P 500 and Dow Jones Industrial Average both surged to close at record highs on Thursday, powered by investors piling into growth and technology stocks the day after artificial intelligence poster child Nvidia's bumper earnings and outlook.
ALBAWABA – Stocks worldwide rose Wednesday across the US, UK, the Eurozone and Asia, as the shares of US banks tumbled Tuesday