Thursday saw the Dow Jones Industrial Average reach a record high as Wall Street attempted to continue its recovery from a sharp sell-off earlier in the month.
The 30-stock index increased by 346 points, or 0.8%. While the Nasdaq Composite only increased by 0.1%, the S&P 500 increased by 0.3%.
Nvidia, the industry leader in artificial intelligence, saw a 6% drop in shares following the release of its most recent earnings on Wednesday afternoon, despite Wall Street’s robust advances.
The AI chip manufacturer posted better-than-expected top and bottom line results in its fiscal second quarter and gave a positive sales outlook for the current quarter.
Source (CNBC)
