The Nasdaq Composite was higher on Thursday as the latest earnings reports from Nvidia and other well-known technology companies boosted sentiment.
The tech-heavy index rose 0.9%, while the S&P 500 advanced 0.4%. The Dow Jones Industrial Average traded down 50 points, or 0.1%.
Nvidia shares jumped 6% after it beat analyst expectations and forecast strong revenue growth. Notably, the chipmaker is projected to see revenue growth hit 70% in fiscal 2028, far higher than the 44% that analysts surveyed by LSEG expected. Its revenue for the fiscal second quarter more than doubled.
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