US EditionNvidia and Other Tech Stocks Lead Wall Street Higher
Nvidia’s AI-driven profit surged nearly 70%, boosting the S&P 500 by 0.8% and reversing weekly losses, as investors focused on top-performing tech stocks.
- On Wednesday, U.S. stocks erased weekly losses as the S&P 500 index rose 0.8% and Nvidia, chipmaker, helped lead the rally ahead of its profit report shortly after trading.
- Nvidia's earnings are a key focus as analysts expect high growth and the company benefits from AI trends, with results influencing markets this week.
- The S&P 500 index rose 56.06 points to 6,946.13, with the Nasdaq and Dow gaining as Nvidia's earnings boost investor optimism.
- Investors are shifting toward firms seen as AI winners while concerns about chip spending and new tariffs add market risks.
- As the market's largest stock, Nvidia influences the S&P 500, with AI-driven market trends extending to markets in Europe and Asia.
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31 Articles
Nvidia results spur AI tech recovery & why most borrwers will cope with rate rise
Hear from Nvidia CEO Jensen Huang on why he thinks huge capital expenditure on AI technology will continue as SBS Finance Editor Ricardo Gonçalves speaks with Heath Moss from HLM Investments about the days market action including a recovery in tech stocks and a look at Qantas' half-year results. Plus Erin Kitson from S&P Global explains how borrowers are likely to cope with rising interest rates.
Good morning! Wednesday evening belonged to Nvidia, which presented its quarterly figures. And it was a bit like usual.
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Nvidia and other tech stocks lead Wall Street higher, erasing their losses for the week
NEW YORK (AP) — U.S. stocks rose and erased their losses for the week so far, as Nvidia and other technology companies led the way. The S&P 500 climbed 0.8% Wednesday for a second straight gain following Monday’s swoon.
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