Sunday, April 21, 2024
HomeTrading RoomNvidia Drives The Tech Boom, Lifting The S&P and Nasdaq

Nvidia Drives The Tech Boom, Lifting The S&P and Nasdaq




On Thursday, the S&P 500 and Nasdaq Composite increased as investors rejoiced over Nvidia’s most recent quarterly reports. The United States’ AAA rating was placed on a negative rating watch by Fitch Ratings, which caused a decline in the Dow Jones Industrial Average.

The Nasdaq surged 1.5% while the S&P 500 increased by 0.6%. The Dow closed 106 points, or 0.3%, lower.

After the beneficiary of artificial intelligence provided stronger-than-expected sales guidance for its fiscal second quarter and also reported top and bottom-line improvements in the prior quarter, Nvidia shares increased 25%. Following the results, a number of analysts who monitor the stock increased their price estimates for the stock.

Source (CNBC)




- Advertisment -

Most Popular

Bitcoin on the Rise: Will the Trend Continue?

Google UX Design Professional Certificate

Discover AI in Daily Life

Google IT Support Professional Certificate

Recent Comments