Wall Street rallies as Nvidia and TSMC lift AI-chip sentiment
U.S. stocks ended higher on October 16 with the S&P 500 up 0.4 % and Nasdaq gaining 0.7 %, led by strong earnings from AI-chip leaders Nvidia and TSMC. TSMC raised revenue guidance on surging AI chip demand while Salesforce shares rose after robust forecasts. Analysts said the rally underscored resilient corporate profitability despite trade-policy uncertainty between the U.S. and China.
positive
22h ago
Wall Street rallies as Nvidia and TSMC lift AI-chip sentiment
U.S. stocks ended higher on October 16 with the S&P 500 up 0.4 % and Nasdaq gaining 0.7 %, led by strong earnings from AI-chip leaders Nvidia and TSMC. TSMC raised revenue guidance on surging AI chip demand while Salesforce shares rose after robust forecasts. Analysts said the rally underscored resilient corporate profitability despite trade-policy uncertainty between the U.S. and China.
positive
Wall Street rallies as Nvidia and TSMC lift AI-chip sentiment
about 22 hours ago
1 min read
61 words
S&P 500 and Nasdaq gain as Nvidia, TSMC and Salesforce drive AI-led Wall Street rally.
U.S. stocks ended higher on October 16 with the S&P 500 up 0.4 % and Nasdaq gaining 0.7 %, led by strong earnings from AI-chip leaders Nvidia and TSMC. TSMC raised revenue guidance on surging AI chip demand while Salesforce shares rose after robust forecasts. Analysts said the rally underscored resilient corporate profitability despite trade-policy uncertainty between the U.S. and China.
U.S. stocks ended higher on October 16 with the S&P 500 up 0.4 % and Nasdaq gaining 0.7 %, led by strong earnings from AI-chip leaders Nvidia and TSMC. TSMC raised revenue guidance on surging AI chip demand while Salesforce shares rose after robust forecasts. Analysts said the rally underscored resilient corporate profitability despite trade-policy uncertainty between the U.S. and China.