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Stock market news: Nasdaq surges on Nvidia's stellar quarterly results

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US stocks jump as Nvidia leads tech rally and investors wait on debt ceiling progress

US stocks were mostly higher Thursday, fronted by a strong rally in the Nasdaq Composite following the release of Nvidia's blockbuster quarterly results.

"The computer industry is going through two simultaneous transitions — accelerated computing and generative AI," Nvidia CEO Jensen Huang said.

 

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