NVIDIA powers NASDAQ to record high
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Investor's Business Daily on MSNStock Market Today: Nasdaq Scores A High As Fed Officials Hawkish On Inflation; Netflix Rises With Earnings Due (Live Coverage)The Dow Jones index rose Thursday on surprise jobless claims and retail sales. Nvidia chipmaker TSMC rose on earnings.
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Nvidia ( NVDA 4.08%) became the first company to reach $4 trillion in market cap on Wednesday -- an incredible feat considering the company was worth a fraction of tech giants Apple and Microsoft just a few years ago.
The Nasdaq Composite advanced to its latest record high on Tuesday, powered by a jump in heavyweight Nvidia's shares, while the other Wall Street benchmarks were sluggish as traders digested a key inflation report and a flurry of bank earnings.
La mayoría de las acciones en Estados Unidos bajaron el martes después de que la última actualización sobre la inflación afectara las
The Nasdaq Composite reached another record closing due to Nvidia's share surge, despite other Wall Street indices declining. This performance marks Nasdaq's fourth record close in five sessions, influenced by Nvidia's AI chip plans.
Nvidia took a $4.5 billion write-off in its latest quarter on unsold H20 chips that it was unable to repurpose for other markets. If sales of these high-volume chips to China resume, a reversal of this write-off could boost earnings.
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Investor's Business Daily on MSNDow Jones Futures: Nvidia Chipmaker Taiwan Semiconductor, GE Aerospace Rise On Earnings; Netflix LoomsDow Jones futures were little changed early Thursday, along with S&P 500 futures and Nasdaq futures. NvidiaNVDA chipmaker Taiwan SemiconductorTSM and GE AerospaceGE jumped on strong earnings and guidance.
Nvidia’s Strategic AI Vision Nvidia (NASDAQ:NVDA) has solidified its position as the backbone of the artificial intelligence (AI) revolution, with its graphics processing units (GPUs) driving the most advanced AI models and positioning it as a top choice for investors eyeing the industry’s growth.