The benchmark S&P 500 index climbs 1.7% after the stellar results reported by Nvidia.
The main Wall Street indices rebounds strongly this Thursday, February 22 and the S&P 500 briefly broke a new all-time intraday record following stellar results reported by Nvidia on Wednesday that will drive the rebound in artificial intelligence this year.
He S&P 500 benchmark index it climbs 1.7% to 5,065.35 units, after reaching an intraday historical maximum of 5,066.96 during the session. Meanwhile, the Dow Jones Industrial Average rises 261.03 points, or 0.7%, to 38,873.27 units; Meanwhile he Nasdaq Compositewith a strong technological component, gained 381.58 points, or 2.5%, to 15,962.45 units.
Nvidia flies after the presentation of the balance sheet
Nvidia shares fly 15.4% after chipmaker predicts it will triple its revenue in the first quarter thanks to strong demand for its artificial intelligence chips.
The company, which also beat fourth quarter revenue expectationscould add more than $200 billion in market capitalization, if gains are maintained.
nvidia
Reuters
Eight of the 11 major S&P 500 sectors rise in early tradingwith technology stocks leading the gains with a 3.8% jump.
The shares of other companies, considered beneficiaries of the impulse of the artificial intelligence, were also revalued. Nvidia’s rival, Advanced Micro Devicesthe provider of server components Super Micro Computer and Arm Holdings They added up to between 6.9% and 16.8%. The index Philadelphia Semiconductor rose 4%.
Big tech and growth stocks, like Alphabet, Microsoft and Meta Platforms They earned between 0.8% and 2.4%.
The profits of Nvidia were an important test for the rally driven by the AI in Wall Streetwhich led to S&P 500 past the 5,000 point mark earlier this month. Some analysts had warned that disappointing results could trigger a sharp sell-off in technology stocks.
Source: Ambito
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