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Summary by sharecafe.com.au
Wall Street edged higher overnight, as Nvidia’s blowout earnings reignited tech optimism. The chipmaker jumped more than 3% after posting US$44bn in quarterly revenue, driven by soaring demand for its new Blackwell AI chips—despite an $8bn hit from China export controls. That helped lift the S&P 500 by 0.4%, the Nasdaq by 0.39%, and the Dow by 117 points. But political uncertainty loomed, after a US trade court struck down Trump’s sweeping tarif…
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sharecafe.com.au broke the news in on Thursday, May 29, 2025.
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