Markets Rebound as Nvidia's Earnings Beat Boosts Gains
Nasdaq and S&P 500 indexes rose on Thursday, buoyed by Nvidia's stronger-than-expected quarterly earnings report, which signaled potential growth prospects for the AI chipmaker. Investors' optimism about the tech sector was tempered only briefly after President Trump announced new tariffs against Mexico and Canada, threatening to dampen market sentiment. The US economy grew at an annualized pace of 2.3% in Q4, according to the Bureau of Economic Analysis.
- Nvidia's earnings beat is a reminder that technology companies are still generating significant growth, even as concerns about economic slowdowns persist, and investors may be more willing to overlook short-term challenges if long-term prospects appear strong.
- How will the impact of increased tariffs on global trade affect the performance of tech stocks in the coming months, particularly those with exposure to international supply chains?