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Dow jumps 450 points and S&P 500 hits record high, powered by AI darling Nvidia
NvidiaNvidia(US:NVDA) New York Post·2024-02-22 20:02

Both the S&P 500 and Dow Jones Industrial Average hit record highs on Thursday after artificial intelligence darling Nvidia forecast bumper revenue, stoking investor confidence that also boosted other growth stocks.Nvidia’s shares surged 15% after the chip designer forecast a roughly three-fold surge in first-quarter revenue on strong demand for its AI chips and beat expectations for fourth-quarter revenue.This pushed the benchmark S&P 500 up more than 2% to an all-time high of 5,087 points. The Dow Jones i ...