Reported 5 months ago
The S&P 500 and Nasdaq opened higher following Nvidia's strong fiscal first-quarter earnings report, with the Nasdaq seeing gains of up to 190 points. Nvidia's positive earnings performance has boosted the broader market, with the chip giant's stock rising by about 7%. This growth in chip stocks, including Nvidia, Broadcom, and Taiwan Semiconductor, has brought excitement and gains to the sector, with Nvidia's stock opening above $1000 and showing a year-to-date climb of 106%.
Source: YAHOO