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Gains for chipmaker Nvidia helped US stocks close higher, as investors prepared for the release of the chipmaker’s quarterly earnings on Wednesday.
Wall Street’s benchmark S&P 500 closed 0.4 per cent higher on Tuesday, while the technology-dominated Nasdaq Composite gained 1 per cent.
Nvidia climbed 4.9 per cent for its biggest one-day jump in two months and also finished as one of the top-performing stocks in the S&P 500.
The industry leader, whose products have become crucial to the artificial intelligence boom, is expected to post an 83 per cent increase in third-quarter earnings on Wednesday, to $33.2bn.
in HTML format to make it easy for teens to read and understand. Create appropriate headings and subheadings to organize the content. Ensure the rewritten content is approximately 1000 words. At the end of the content, include a “Conclusion” section and a well-formatted “FAQs” section.
Author: www.ft.com
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