The artificial intelligence-driven rise in Nvidia did not appear to be abating as the S&P 500 rose to a new high on Thursday.
The Nasdaq Composite gained 0.3%, while the broad market index ended the day 0.2% ahead. 0.1%, or 46 points, were taken off the Dow Jones Industrial Average.
Cementing its position as the most valuable public business, Nvidia continued its upward trend from the previous session, rising more than 2%. Even though consumer spending is slowing and there may be economic deterioration, the de facto market leader’s shares have increased 174% this year as the AI boom drives up equity prices.
After exceeding earnings estimates, Darden Restaurants saw a 3% increase, but Trump Media & Technology Group saw a 10% decline, compounding the loss from Tuesday.
Source (CNBC)
