Wall Street ends higher as Nvidia sparks rush for AI stocks

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The Nasdaq ended sharply higher after a blowout forecast from Nvidia sent the chipmaker's stock soaring and fueled a rally in AI-related firms $NVDA

soared 6.8% to its highest level in more than a year in its biggest daily percentage rise since November., which investors view as lagging in the AI race, dropped 5.5%, weighing on the Dow Jones Industrial Average.

Wall Street has been jittery in recent days about dragging negotiations in Washington to raise the nation's $31.4 trillion debt ceiling and avoid a default.to a deal, with the parties just $70 billion apart on discretionary spending, Reuters reported, citing a source familiar with the talks. A trader work on the floor of the New York Stock Exchange in New York City, U.S., May 24, 2023. REUTERS/Brendan McDermid

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street ends higher as Nvidia sparks rush for AI stocks By Reuters*NASDAQ JUMPS OVER 1% TO NEW 52-WEEK HIGH AS NVIDIA FORECAST SPARKS AI-DRIVEN RALLY $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »

Wall Street reacts to Nvidia's jaw-dropping AI-boom earnings reportThe 'AI revolution has begun': Here's how Wall Street is reacting to Nvidia's jaw-dropping earnings report that added $230 billion to its market value
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market today: AI frenzy pulls Wall Street higher despite DC debt woesA monster financial forecast from one of Wall Street’s most influential stocks is helping to support the market, even as worries worsen about political rancor in Washington.
Source: KPRC2 - 🏆 80. / 68 Read more »

The most shorted stocks on Wall Street include Beyond Meat and this A.I. consumer lenderCNBC Pro screened for the most shorted stocks on Wall Street.
Source: CNBC - 🏆 12. / 72 Read more »