Nasdaq and S&P 500 Rise as Nvidia Boosts AI Optimism

The tech-heavy Nasdaq and the S&P 500 opened higher on Thursday, propelled by significant gains in chip stocks following Nvidia's positive revenue forecast, which strengthened investor confidence in the rapid growth of artificial intelligence technology. The Dow Jones also saw a modest increase.

The tech-heavy Nasdaq and the benchmark S&P 500 opened higher on Thursday, driven by strong gains in chip stocks after Nvidia's upbeat revenue forecast cemented investor optimism around the meteoric rise of artificial intelligence technology.

The Dow Jones Industrial Average rose 23.91 points, or 0.06%, at the open to 39,694.95. The S&P 500 opened higher by 33.25 points, or 0.63%, at 5,340.26, while the Nasdaq Composite gained 194.84 points, or 1.16%, to 16,996.39 at the opening bell.