News Formal

Nasdaq, S&P 500 futures pop as Nvidia results light up chip stocks

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 38 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 119%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

May 23 - Futures tracking the tech-heavy Nasdaq and the benchmark S&P 500 climbed on Thursday, driven by a rally in chip stocks after Nvidia's upbeat revenue forecast cemented investor optimism around the meteoric rise of artificial intelligence technology.

The semiconductor bellwether also announced a stock split, following an over 90% surge in its shares this year and a threefold jump in 2023 that have made Nvidia the third-most valuable U.S. stock. AI-related stocks such as Super Micro Computer , opens new tab, C3.ai , opens new tab, Palantir Technologies , opens new tab and SoundHound AI , opens new tab also gained between 1.5% and 5.3%.

Markets are also eyeing economic data scheduled through the day including weekly jobless claims, S&P Global flash PMIs and housing figures. Among other premarket movers, data cloud analytics firm Snowflake , opens new tab advanced 4% after forecasting second-quarter product revenue above estimates and raising its annual expectations.

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:

 /  🏆 13. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

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

Stock market today: Nasdaq, S&P 500 futures pop as Nvidia galvanizes stocksNvidia's blockbuster earnings have fired up optimism for AI's ability to fuel growth, eclipsing rate-hike worries for now.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia's impact on S&P 500 earnings growth: Chart of the DayNvidia's (NVDA) first-quarter earnings are highly anticipated as the chip company's stock closed at a record high on Tuesday. Yahoo Finance's Julie Hyman...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market: S&P 500, Nasdaq continue rebound from Q2 lowsThe S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are finding their groove as they close slightly higher for the third session in a row, shaking off pre...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq notch big gains as Tesla kicks off 'Magnificent 7' earningsThe wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »