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S&P 500, Dow jump to record closes as Nvidia sparks AI frenzy

  • The S&P 500 and Dow Jones hit record highs due to investor interest in growth and tech stocks post-Nvidia's strong performance.
  • Nvidia reported a three-fold revenue surge, beating expectations and boosting its market capitalization by over $200 billion.
  • Shares of companies like Moderna soared but Rivian and Lucid fell due to production forecasts below analyst expectations.
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Forbes broke the news in United States on Thursday, February 22, 2024.
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