US stocks closed mixed but were mostly higher on Thursday as Nvidia's earnings results drove a strong rally in the Nasdaq Composite.$1 trillion market valuation,"The computer industry is going through two simultaneous transitions — accelerated computing and generative AI," Nvidia CEO Jensen Huang said.
Huang added:"A trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process.""It seems almost certain that we will not be able to get past early June," Treasury Secretary Janet Yellen said during at
this week. "If Congress doesn't act to raise the debt ceiling, and if we hit the so-called X-date without that occurring, there will be some obligations that we will be unable to pay."
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Stock market news: Nasdaq surges on Nvidia's stellar quarterly resultsUS stocks jump as Nvidia leads tech rally and investors wait on debt ceiling progress
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