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Wall St Gains On Nvidia Boost, Caution Sets In Ahead Of Powell Speech

Wall St Gains On Nvidia Boost, Caution Sets In Ahead Of Powell Speech
Wall Street’s main indexes rose on Thursday, following a stellar forecast from chip designer Nvidia (NVDA.O) though caution ahead of Federal Reserve Chair Jerome Powell’s speech later this week kept gains in check. The chip designer late on Wednesday forecast quarterly revenue that far exceeded expectations, boosting investor confidence in an artificial intelligence (AI) boom, and said it would buy back $25 billion in stock. Shares of Nvidia were last up only 3%, slipping from a fresh record hig... Read More
Posted: Aug 24 2023, 14:47
Author Name: vladimirribakov
Views: 102056

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