NVIDIA Stock Gives Back Gains
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Jarring swings keep rocking Wall Street, and US stocks erased a big morning gain to drop on Thursday as the market remains skittish following weeks of doubts and erratic moves. After initially soaring toward what seemed like its best day since May,
Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.
Wall Street stocks slid on Thursday in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and U.S. jobs data muddied the labor market outlook.
Wall Street futures quickly reversed course and turned positive early Friday in very volatile markets, particularly when it comes to artificial intelligence.
A wave of volatility swept Wall Street on Thursday, sending tech stocks sliding as optimism over Nvidia’s robust earnings was overshadowed by fresh fears over lofty valuations for artificial intelligence companies.
Wall Street's main indexes were set for a higher open on Thursday as technology stocks got a boost after Nvidia's stellar results quelled some concerns around an AI bubble, while investors assessed the September jobs report.
The U.S. stock market swung through another unsettled day of trading, ahead of a couple of crucial tests for Wall Street.
Nvidia’s sales of the computing chips powering the artificial intelligence craze surged beyond the lofty bar set by stock market analysts in a performance that may ease recent jitters about a Big Tech boom turning into a bust that topples the world’s most valuable company.