Wall St Rises Ahead of Nvidia Earnings
Technology stocks led gains with the S&P 500 rising 0.51% and the Nasdaq 0.93% as investors balanced AI optimism against tariff concerns ahead of Nvidia’s report.
- Technology-Led buying pushed major benchmarks higher as the S&P 500 and Nasdaq Composite hit two-week highs Wednesday, with the Dow Jones Industrial Average rising 124.56 points at 11:00 a.m. EST.
- Investors were positioning ahead of Nvidia's earnings due after markets close on Wednesday, balancing AI optimism with tariff policy uncertainty after a choppy February.
- Nvidia shares rose 1.6%, lifting chip peers as the Philadelphia SE Semiconductor Index climbed to a record, while Axon Enterprise jumped 19.6% and Workday fell 4% after mixed company earnings and guidance.
- Advancers outpaced decliners across exchanges as the financials sector added 0.6 per cent, with the S&P 500 posting 40 new 52-week highs and the Nasdaq recording 85.
- With AI investment large, Nvidia's report gains significance as Big Tech's $630 billion spending underpins interest, said Sam Stovall: `I see AI disruption continuing as a dominant market theme through this year because AI continues to evolve.
12 Articles
12 Articles
The New York Stock Exchange opened higher, fueled by expectations of improved Nvidia earnings. The three major stock indices on the New York Stock Exchange opened higher, likely reflecting expectations that Nvidia's earnings would improve compared to the same period last year. As of 10:17 a.m. local time on the 25th, the Dow Jones Industrial Average was trading higher than the previous day...
New York Stock Exchange indices opened above their opening levels today as investors eased concerns about technology companies involved in artificial intelligence, while markets awaited the release of earnings from technology giant Nvidia, the French news agency AFP reports.
Wall St opens higher in run-up to Nvidia earnings as AI worries abate
Wall Street's main indexes opened higher on Wednesday after volatile sessions earlier this week as investors assessed risks to the AI trade and growing tariff doubts heading into Nvidia's earnings due later in the day.
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