Published on 23 May 2024 on Benzinga
Stock Market Reclaims Record Highs, Nvidia Tops $1,000 As AI-Driven Rally Resumes: Thursday's Top...
On Thursday, Wall Street opened the session with significant milestones as the S&P 500 and the Nasdaq 100 indices surged to new record highs. This rebound was driven by Nvidia Corp. NVDA, which soared 9% to $1,034 per share following outstanding earnings results and optimistic guidance.
The chipmaker reported $26 billion in revenue for the last quarter, a 262% increase from the same quarter last year, surpassing the expected $24.6 billion. Notably, AI-driven Data Center revenue skyrocketed by 427% year-over-year.