Monday’s advances in stocks were driven by increases in Nvidia, as Wall Street anticipated the Federal Reserve’s monetary policy direction later this week and anticipated a significant conference on artificial intelligence.
Ahead of the company’s GTC Conference, where the chipmaker is anticipated to highlight its most recent advancements in artificial intelligence, Nvidia’s shares were up more than 1%. After Bloomberg News revealed that Apple and Google were in talks for Alphabet to integrate Gemini AI inside iPhones, Alphabet shares increased by 4%. In the meantime, Super Micro Computer gained 2.8% in advance of the business’s first day of trading after joining the S&P 500.
The Fed’s two-day policy meeting is scheduled to begin on Tuesday and conclude with a pronouncement on Wednesday. These actions were taken in advance of the meeting.
Source (CNBC)
