The S&P 500 closed above 7,500 for the first time, driven by gains in AI-related stocks like Nvidia and Cerebras. Nvidia’s stock surged over 4%, pushing its CEO's net worth past $200 billion. The Dow Jones also surpassed 50,000, fueled by optimism from U.S.-China talks. Strong earnings from Cisco further supported the market rally, signaling investor confidence despite geopolitical tensions and rising energy prices.
NVIDIA shares rose 4.5% to $236, extending a 20% rally over the past month as investors anticipate its Q1 FY2027 earnings report on May 20. The stock has surged 74% over the past year, driven by strong demand for AI computing and a robust product roa...
Hyperscale cloud companies like Amazon, Alphabet, and Meta are investing over half a trillion dollars in AI infrastructure in 2026, with most spending directed to NVIDIA's chips and systems. NVIDIA forecasts $215.94 billion revenue for fiscal 2026 an...
Short sellers are increasingly betting against companies that have jumped on the AI bandwagon with questionable business models or fake AI branding, warning that the current AI-driven stock rally resembles past speculative manias. Some firms have reb...
President Donald Trump disclosed a large purchase of U.S. stocks, including $1 million to $5 million each in Boeing and Nvidia shares, made on February 10. These investments come as Boeing and Nvidia anticipate new business opportunities linked to Tr...
US stock futures gained following a mixed market close and President Trump's approval of Nvidia's H200 AI chip sales to Chinese firms, although China has halted deliveries. Economic data showed a 0.5% rise in April retail sales and a slight increase ...
