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Earnings from semiconductor bellwether Nvidia on Wednesday are set to provide the latest test for a U.S. stock market rally that has taken indexes to record highs this year. A 90% run in...
Earnings from semiconductor bellwether Nvidia on Wednesday are set to provide the latest test for a U.S. stock market rally that has taken indexes to record highs this year. A 90% run in Nvidia’s shares this year has made it the third-biggest U.S. company by market value, trailing only Microsoft and Apple. Because Nvidia’s chips are the gold standard in artificial intelligence, its results are widely seen as a barometer for the burgeoning AI industry, whose evolution has stoked investor enthusiasm and helped drive the bull run in U.S. stocks.
Nvidia's results come as the S&P 500, Nasdaq Composite and Dow Jones Industrial Average have all notched record highs this month after a turbulent April, boosted by a strong earnings season and renewed hopes that the U.S. economy is headed for a so-called soft landing.
By Lewis Krauskopf NEW YORK (Reuters) - Earnings from semiconductor bellwether Nvidia on Wednesday are set to provide the latest test for a U.S. stock market rally that has taken indexes to record highs this year. A 90% run in Nvidia’s shares this ...
Its growing weighting in indexes and exchange-traded funds has given its share price moves an outsized influence