Stock Market Gives Back Early Gains
Digest more
Wall Street, US and stock indexes
Digest more
The S&P 500 is tracking toward its worst November since 2008 amid mounting concerns over an AI-fueled "bubble" that not even Nvidia and its CEO, Jensen Huang, could allay after it
Nvidia’s earnings report crushed analysts’ forecasts and tamped down on the market’s fears of an AI bubble bursting.
Chip maker Nvidia’s strong earnings and rock-solid guidance ease worries about an artificial-intelligence bubble.
After a 76-day wait, data-starved investors finally got their hands on an official jobs report from the Bureau of Labor Statistics this morning.
Nvidia shares were initially up after an earnings report that included raised revenue guidance for the next quarter. But shares closed 3% lower.
The stock selloff came after Nvidia reported a 62% increase in sales of AI data center chips and raised its guidance for the current quarter. In recent sessions, investors have punished big tech, worried that some companies are spending too much on data centers, chips and other AI infrastructure with little hope of recouping their investments soon.
US stocks were hammered on Thursday as an abrupt midday reversal in markets followed a blockbuster earnings report from Nvidia and the release of the long-delayed September jobs r
Stocks were easing from a powerful morning rally that left the three major U.S. equity indexes up with only modest gains on Thursday The Dow Jones Industrial Average, the S&P 500 index and the Nasdaq Composite index were each up about 0.