Thursday saw the S&P 500 rise to surpass 5,500 for the first time ever as the surge in Nvidia, fueled by artificial intelligence, continued to gain momentum.
The Nasdaq Composite gained 0.3%, while the broad market index saw a 0.2% increase in trading. The 0.1% decline in the Dow Jones Industrial Average was 46 points.
Building on its gains from the previous session, which solidified the chipmaker’s position as the most valuable public business, Nvidia saw a 2.7% increase. The de facto market leader’s shares have increased by more than 180% this year as the AI boom drives up equity values despite concerns of slowing consumer spending and possible economic instability.
Trump Media & Technology Group fell 10%, compounding its loss from Tuesday, while Darden Restaurants increased 3% after exceeding earnings estimates.
Source (CNBC)