Nasdaq and S&P 500 Gain on Nvidia Forecast
Major stock indexes rose on Thursday led by strong technology gains following Nvidia revenue projections. Investors now focus on the upcoming Jackson Hole address by Federal Reserve Chair Kevin Warsh.
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NVIDIA CORP shares jumped 8.7% on Thursday after issuing a robust revenue forecast that propelled the Nasdaq Composite up 1.57% to 26,541.35. The chip maker's strong guidance reaffirmed the strength of the artificial intelligence boom for investors. United States technology stocks rallied broadly following the report.
