US stocks close sharply higher, Nvidia higher

Strategists in a Reuters poll say the S&P 500 will eke out only marginal gains between now and year end. – AFPpicUS stocks ended sharply higher on Wednesday as shares of Nvidia gained ahead of quarterly results from the company whose chips are widely used for artificial intelligence computing.

It forecast third-quarter revenue above Wall Street targets. Other tech companies jumped in after-hours trading as well including Microsoft, which was last up about 2%. Nvidia is part of the so-called Magnificent Seven group of megacap stocks including Apple and Tesla that have powered the S&P 500's sharp gains this year.

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