Wall St Gains On Nvidia Boost, Caution Sets In Ahead Of Powell Speech

<p>Wall Street’s main indexes rose on Thursday, following a stellar forecast from chip designer Nvidia (NVDA.O) though caution ahead of Federal Reserve Chair Jerome Powell’s speech later this week kept gains in check. The chip designer late on Wednesday forecast quarterly revenue that far exceeded expectations, boosting investor confidence in an artificial intelligence (AI) boom, and said it would buy back $25 billion in stock. Shares of Nvidia were last up only 3%, slipping from a fresh record high of $502.66 earlier in the session, with some analysts pointing to profit-taking after a strong run of gains heading into the […]</p>
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