Power Breakfast: US Stock Markets End Higher As Tech Firm Nvidia Corp Sparks Rush For AI Stocks
Zee Business Video Team | Updated: May 26, 2023 10:21 AM IST
Dow recovered 200 points from below and closed down 35 points. Whereas, Nasdaq rallied due to support from tech stocks. The S&P 500 VIX declined after two days of gains. Nvidia's rally also witnessed strength in another semiconductor, AI stock. Advanced Micro Devices climbed 11%, Taiwan Semiconductor rose 12%. Alphabet, Microsoft rose 2-4%, Intel fell 5%. GDP growth increased from 1.1% to 1.3% in the first quarter of 2023.
