- S&P 500 and NASDAQ have achieved new records, raised by AI’s optimism despite the slight Miss NVIDIA.
- NVIDIA 56 % revenue jump has confirmed strong demand, while Microsoft, Meta, Amazon, and Broadcom have published gains.
- Prices that exceed 80 % continue to fuel Wall Street, focusing on inflation data now.
the S & P 500 He achieved another record on Thursday, supported by the constant investor’s enthusiasm around artificial intelligence, even NafidiaThe last profit is less than the noble street expectations. NVIDIA’s revenues jumped by 56 % on an annual basis, confirming that the demand for artificial intelligence carries strong, but the shares decreased by approximately 1 % after the company excluded China’s potential sales of its expectations amid trade uncertainty.
Even with this slight decline, the markets took the report as an additional evidence that the wave of artificial intelligence is not slowing down. The heavy nasdaq increased by 0.54 % to 21,705.67, while the S&P has gained 500 0.25 % to close at 6,497.88, both of which reach new standard levels. Dow Jones It increased by 0.05 % to 45,587.83.
NVIDIA profits keep the momentum of artificial intelligence alive
He said that NVIDIA is so strange that the saying was that it was a disappointing print against the impossible expectancy tape on the border. Ross MayfieldBird investment analyst. He stressed that the structural driver – the upright intelligence – is firmly affected.
Other heavy weights of artificial intelligence followed NVIDIA: both Microsoft and Meta platforms about 0.5 %, Amazon 1.1 % increased, the Broadcom chip maker rose 3 %. The gathering has spread across the market, where six of 11 S&P indicators have been completed higher, led by telecommunications and information technology services.
Feeding expectations and viewing inflation
The Wall Street increase has also been supported by increasing expectations The Federal Reserve will reduce prices soon. Traders now see more than 80 % opportunity to reduce the interest rate at the Federal Reserve meeting in September, according to the Fedwatch tool for CME.
However, all attention to the Personal Consumption Expenditure Report on Friday (PCE), the preferred inflation scale of the Federal Reserve. Any hint Economic inflation Tricding Twitting can cool the broken optimism, and thus market momentum.
Pamphlet Hit a new S&P hits all of the time NVIDIA AI-Driven Market Rally The first time appeared on Blocknyws.
