Reported 4 months ago
The article discusses how Nvidia and the Nasdaq reached record highs as the AI rally continued. The Nasdaq Composite reached a new high, breaching 17,000 for the first time, while Nvidia's shares reached a record of $1,140. Meanwhile, the S&P 500 finished just above the flatline, and the Dow Jones Industrial Average drifted lower. The market has been influenced by factors like fading optimism for rate cuts and high hopes for AI, with investors closely watching inflation data from the Federal Reserve's preferred PCE gauge. Additionally, GameStop stock surged, and Robinhood announced a $1 billion stock buyback program.
Source: YAHOO