Investing.com-- The S&P 500 eked out a gain on Thursday as Nvidia dragged tech lower, though data pointing to a stronger U.S. economy allayed recession fears, keeping downside momentum in check.grew by 3% in the last quarter, a Commerce Department report showed in its second estimate, better than expectations of a 2.8% growth and a jump from the 1.4% annualized growth seen in the first three months of the year.
Analysts on Wall Street remain bullish on the stock, however, citing that strong demand from cloud services providers for Nvidia AI chips including the new Blackwell chips set to be rolled out Q4. Some on Wall Street, however, believe upside is limited in the short-term for the stock because further clarity on fiscal 2026 growth trends are needed.), meanwhile, jumped 32% after reporting Q1 upbeat results following fiscal Q4 results that topped Wall Street estimates. The buy now pay later firm's guidance suggest that it is likely to turn an operating profit by the end of the fiscal year, RBC said in a note.
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