Power Breakfast: US Stock Markets End Higher As Tech Firm Nvidia Corp Sparks Rush For AI Stocks

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.