US EditionNasdaq ends at another record high on Nvidia's China chip cheer
UNITED STATES, JUL 15 – Nvidia's stock surged 5.06% as U.S. export controls on AI chips to China eased, driving the semiconductor index to its highest level in a year, analysts said.
- On July 15, the Nasdaq Composite reached a new all-time high, driven by a 4.3% increase in Nvidia shares following the company's announcement to restart sales of its H20 AI chips in China.
- This followed June data showing the largest U.S. consumer price increase in five months, while core inflation remained moderate, providing some relief to investors.
- Second-Quarter earnings season opened quietly with Citigroup climbing 3.7% due to strong trading profits, while JPMorgan and Wells Fargo showed mixed results amid tariff-related inflation concerns.
- Market activity included 16.82 billion shares traded on U.S. exchanges Tuesday as the semiconductor index gained 1.3% and tech stocks, led by Nvidia, pushed major indexes upward.
- The market's cautious optimism reflects moderate inflation and solid earnings, though analysts like Rob Swanke suggest Nvidia’s rally may be brief pending further earnings clarity.
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Nasdaq ends at another record high on Nvidia’s China chip cheer | Honolulu Star-Advertiser
The Nasdaq Composite posted its latest record finish today, supported by a jump in shares of heavyweight Nvidia, but the other Wall Street benchmarks dropped as a key inflation report and a flurry of bank earnings failed to excite investors.
New York.- The Nasdaq Composite scored a new record this Tuesday, supported by an upturn in Nvidia's shares, but the other Wall Street indices fell, as an inflation figure and a flood of bank results failed to excite investors. According to preliminary data, the Nasdaq Composite won 0.18%, to 20 thousand 677.80 units. The Industrial Dow Jones average dropped by 0.98%, to 44 thousand 022.58, and the S&P 500 yielded 0.40%, to 6 thousand 243.67 poi…
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