28.08.202513:37:37UTC+00US Stocks Rise after Nvidia Earnings

US stocks experienced modest gains on Thursday as investors analyzed recent economic data alongside Nvidia's earnings report, which is often seen as an indicator of trends within the global artificial intelligence sector. The S&P 500 increased by 0.3%, reaching a new record peak, and the Nasdaq 100 climbed by 0.5%. Nvidia's stock showed some fluctuation after surpassing Wall Street's expectations for both second-quarter earnings and revenue. However, the company projected a slowdown in data center demand growth, which heightened concerns that the AI-driven market surge may not be sustainable. Additionally, the company disclosed that it did not sell any of its H20 chips to China during the quarter and did not factor any potential shipments into its projections. Competitors such as AMD, Intel, and Broadcom saw significant increases during the trading session. Moreover, Crowdstrike rose by 2%, HP advanced by 6%, and Snowflake soared by 14%, buoyed by strong performance. In contrast, the Dow Jones Industrial Average remained relatively unchanged due to muted activity across key economic sectors.