Tech stocks lead Wall Street after Nvidia, Salesforce and others say AI is creating big growth
Technology stocks led Wall Street higher after Nvidia, Salesforce and other firms reported higher than expected spring profits. The S&P 500 rose 0.7% on Thursday, moving closer to its record high. Nvidia shares jumped 7% following a bullish forecast and strong financial results for its second quarter fiscal 2027, which boosted investor confidence in artificial intelligence growth and calmed previous market fears.
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- ✓ Nvidia shares rose 7% after reporting strong earnings.
- ✓ The S&P 500 increased 0.7% on Thursday.
- ✓ Nvidia released financial results for its second quarter fiscal 2027.
- ✓ Technology stocks led Wall Street gains after Nvidia and Salesforce reported higher than expected spring profits.
What changed
Nvidia reported second quarter fiscal 2027 results and a bullish forecast that lifted the Nasdaq and S&P 500.
Live updates
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Tech stocks drive Wall Street gains following Nvidia earnings
Technology stocks led Wall Street higher after Nvidia, Salesforce and other firms reported higher than expected spring profits. The S&P 500 rose 0.7% on Thursday, moving closer to its record high. Nvidia shares jumped 7% following a bullish forecast and strong financial results for its second quarter fiscal 2027, which boosted investor confidence in artificial intelligence growth and calmed previous market fears.
Why it matters
The market had previously expressed concerns regarding the sustainability of AI investments. These earnings reports provide concrete evidence of profit growth linked to AI deployment.
What is confirmed
- Nvidia shares rose 7% after reporting strong earnings.
- The S&P 500 increased 0.7% on Thursday.
- Nvidia released financial results for its second quarter fiscal 2027.
- Technology stocks led Wall Street gains after Nvidia and Salesforce reported higher than expected spring profits.
What to watch next
- Further earnings reports from other major AI-integrated tech firms
- Movement of the S&P 500 toward its record high
confidence 100%Sources used for this update (6)
- NVIDIA Newsroom — NVIDIA Announces Financial Results for Second Quarter Fiscal 2027
- CNBC — Nvidia jumps 7% in after blockbuster earnings boost AI confidence
- WSJ — Stock Market Today: Nvidia Stock Rises as Bullish Forecast Lifts Market Spirits
- Reuters — Nasdaq leads Wall St after Nvidia quells AI fears
- AP News — Tech stocks lead Wall Street after Nvidia, Salesforce and others say AI is creating big growth
- www.wvgazettemail.com — Tech stocks lead Wall Street after Nvidia, Salesforce and others say AI is creating big growth
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