Nvidia’s Outlook Beats Estimates, Lifting US Tech Stocks

A blockbuster forecast from chipmaker Nvidia Corp. boosted technology stocks and lifted key U.S. equity indexes on Thursday morning. The news added to investor optimism about the artificial intelligence (AI) cycle, a term used to describe the current wave of investment and growth driven by AI technology. The positive outlook from Nvidia, a major player in the AI chip market, helped push the S&P 500 and the Nasdaq Composite higher in early trading. The gains reflect growing confidence that demand for AI-related hardware and software will continue to drive corporate earnings.