Friday, September 22, 2023

Wall Street opens in green pushed by the euphoria of the results of Nvidia

Wall Street It opened this Thursday in green and the Dow Jones Industrials, its main indicator, rose 0.09%, on a day when investors are still under the effects of the euphoria aroused by Nvidia’s results released on Wednesday and the expectations that open on the world of artificial intelligence.

Ten minutes after the start of operations at the NYSEthe Dow Jones stood at 34,503 units and the selective S&P 500 added 0.23%, up to 4,446 points.

For its part, the composite market index nasdaqin which the main technology companies are listed, rose 0.26%, to 13,757 integers.

nvidiaan American manufacturer of processors, announced yesterday that in its most recent quarter it has multiplied its quarterly profit by nine thanks to the “new computing era” in which artificial intelligence (AI) is key.

In the second quarter of its fiscal year, Nvidia earned US$6,188 million843% more than in that section last year, and doubled its billing to US$13.507 million, a record that it attributed to the growing revenues of its data center (US$10.320 million).

Nvidia’s numbers have skyrocketed since it predicted in May that its business would be one of the big benefited from the development of AIand it has already surpassed a trillion dollars in capitalization, becoming one of the largest listed companies in the US.

On the other hand, there is a lot of attention in the meeting that tomorrow, Friday, celebrates the Federal Reserve, in which its president, Jerome Powell, will give a speech at the central bank’s annual symposium in Jackson Hole, Wyoming.

By sectors, green reignedbeing the main gains for real estate (1.32%) and public services (1.1%), while non-essential goods were in the red (-0.23%).

Among the 30 values ​​of the Dow Jones the biggest losses were for Boeing (-2.48%) and Walt Disney (-0.78%), but the green numbers dominated overall, with the biggest gains for Goldman Sachs (1.6%), JP Morgan (1.36%) and Travelers (1.33 %).


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