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Nvidia's blowout earnings and optimism about AI-fueled growth sent the chipmaker's stock soaring and boosted broader market sentiment, with major U.S. stock index futures pointing higher this morning. Electric vehicle makers Rivian and Lucid are bucking the trend. Here’s what investors need to know today.
(Bloomberg) -- Nvidia Corp. Chief Executive Officer Jensen Huang, fresh off an upbeat quarterly report that sent his company’s to a record high, dispelled one of investors’ biggest concerns: that chip production won’t keep up with demand. Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayMore People Call in Sick on August 24 Than Any Other DayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapHuawei Building Secret Network for Chips, Trade Group Warn