U.S. stocks surged on Wednesday, with the Nasdaq leading the way, fueled by optimism over Nvidia Corp.'s earnings and the S&P 500 ending its 36-day streak without a 1% gain.
Shares of Nvidia surged 6.7% to an all-time high after announcing a $25 billion stock buyback plan and reporting record quarterly revenue, driven by strong demand for its AI-focused chips.
Shares of Salesforce rallied nearly 6% in pre-market trading after the company reported better than expected second-quarter results, highlighting its focus on becoming the top AI CRM provider. The company's revenue beat estimates, and it raised its revenue outlook for 2024.
Salesforce's shares rose as their quarterly earnings and revenue exceeded expectations, driven by cost cutting measures and improved operating margins, with the company's profitability surpassing its goals.
Salesforce surpasses Apple as the top-performing stock in the Dow Jones Industrial Average and continues to gain momentum after its latest earnings report.
Dell shares surged 22% on Friday, the company's best day since returning to the public market in 2018, following better-than-expected earnings driven by a big revenue beat, and Morgan Stanley named Dell its top IT hardware pick, replacing Apple, due to its emergence as an early Generative AI winner and strong demand for AI servers.
Roku's stock surged 12.5% after announcing layoffs and raising its revenue guidance for the third quarter.
Tesla stock surged 10% after a Morgan Stanley analyst upgrade highlighted the potential of the company's artificial intelligence capabilities and software and services revenue.
Wall Street stocks surged on Monday as positive Chinese data and optimistic remarks from Treasury Secretary Janet Yellen boosted confidence in the global economy.
Amazon stock gained 3.5% and is approaching a buy point, with a 69% increase this year to outpace the Nasdaq and S&P 500, making it one of the top stocks in the Magnificent 7.
Stocks climb as investors digest positive retail sales and producer prices data, with the Dow Jones Industrial Average up 0.7% and the S&P 500 and Nasdaq Composite both up 0.7% and 0.8% respectively.
Wall Street stocks rose as investors analyzed strong retail sales and inflation data to predict the Federal Reserve's next move on interest rates, with the S&P 500 and Dow Jones Industrial Average both posting gains of around 1%.
Arm shares surged 25% on its first day of trading on Nasdaq, boosting US stocks, while the European Central Bank's rate decision also contributed to positive market sentiment.
Stocks surged as the Dow Jones Industrial Average rose, driven by strong performances from Goldman Sachs, Caterpillar, and Arm, while the tech-heavy Nasdaq and the S&P 500 also saw gains; strong consumer data and positive economic indicators contributed to the market's optimism.
