Yahoo Finance Stock Market Reclaims Record Highs, Nvidia Tops $1,000 As AI-Driven Rally Resumes: Thursday's Top Movers
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. (NASDAQ: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.
The SPDR S&P 500 ETF Trust (NYSE:SPY) gained 0.3% to reach $531 at 09:45 a.m. EDT, while the tech-heavy Invesco QQQ Trust (NASDAQ:QQQ) rose 0.7%, both achieving record highs.
In contrast, underperformance in technology stocks impacted the blue-chip index, with the SPDR Dow Jones Industrial Average (NYSE:DIA) falling 0.4%. Small-cap stocks were slightly weaker, with the iShares Russell 2000 ETF (NYSE:IWM) down 0.1%.
Sector-wise, technology stocks led the gains, with the Technology Select Sector SPDR Fund (NYSE:XLK) increasing by 0.6%.
In the industry segment, semiconductor stocks were the top performers, with the VanEck Semiconductor ETF (NYSE:SMH) and the iShares Semiconductor ETF (NYSE:SOX) rising 3.1% and 1.7%, respectively.
Read also: Nvidia’s Success May Propel These 6 AI-Related Stocks To New Heights
S&P 500’s Top Gainers;
# | Name | Last | Chg % |
1 | NVIDIA Corporation | 1,035.29 | 9.04% |
2 | Super Micro Computer, Inc. (NASDAQ:SMCI) | 945.76 | 8.30% |
3 | Advanced Micro Devices Inc. (NASDAQ:AMD) | 171.45 | 3.58% |
4 | Applied Materials, Inc. (NASDAQ:AMAT) | 223.68 | 2.53% |
5 | International Paper Company (NYSE:IP) | 43.15 | 2.48% |
Updated at 09:51 a.m. EDT
Nasdaq 100’s Top Gainers:
# | Name | Last | Chg % |
1 | NVIDIA Corporation | 1,029.68 | 8.44% |
2 | PDD Holdings Inc. (NASDAQ:PDD) | 153.70 | 4.49% |
3 | ASML Holding N.V. (NASDAQ:ASML) | 957.89 | 3.86% |
4 | Advanced Micro Devices Inc. | 169.50 | 2.41% |
5 | Applied Materials, Inc. | 223.06 | 2.25% |
Updated at 09:53 a.m. EDT
Read now: Why Micron, Broadcom And Lam Research Shares Are Moving Higher Thursday
Photo: Shutterstock
"ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!
Get the latest stock analysis from Benzinga?
This article Stock Market Reclaims Record Highs, Nvidia Tops $1,000 As AI-Driven Rally Resumes: Thursday's Top Movers originally appeared on Benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
