Nvidia forecast lifts US stocks
LATEST Nvidia's strong revenue forecast boosted tech stocks
US stocks closed higher Thursday, with the Nasdaq outperforming due to Nvidia's strong revenue forecast. The company's stock advanced nearly 9%, and Salesforce shares surged 22.5%. This reaffirmed the strength of the AI boom.
NOW PLAYING Nasdaq, S&P 500 lifted by Nvidia's forecast
US stocks closed higher Thursday, with the Nasdaq outperforming due to Nvidia's strong revenue forecast, which reaffirmed the AI boom's strength and boosted tech stocks. Nvidia itself advanced nearly 9%. Salesforce shares surged 22.5% after raising its forecasts and integrating with Anthropic's AI models, easing concerns about AI disrupting the software industry and increasing investor appetite for software stocks.
Nvidia's forecast suggests continued strong demand in the AI sector, positively impacting both tech hardware and software companies and influencing investor sentiment towards technology stocks.
The episode also covers investor attention turning to the Federal Reserve Chair's Jackson Hole address.