US stocks rebounded after a decline, with Nvidia rising more than 3% ahead of its earnings report.
AI Summary1 min read
TL;DR
US stocks rebounded, ending a long losing streak with S&P 500 and Nasdaq 100 up over 1%. Nvidia rose 3% ahead of its earnings, seen as key to easing AI spending concerns.
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US stocksNvidiaearnings reportAI spendingmarket rebound
According to Mars Finance, citing Jinshi, U.S. stocks rose on Wednesday, ending their longest losing streak since August. The S&P 500 rose more than 1%, and the Nasdaq 100 rose 1.6%. Nvidia, one of Wall Street's most influential stocks, rose more than 3%, but is still down more than 7% so far this month. Traders hoped Nvidia's earnings report would alleviate market concerns about AI spending. Tom Essai, founder of Sevens Report Research, said that Nvidia's earnings report was the most important market catalyst this week, and any disappointing results could exacerbate recent selling pressure.