Topic: Nvidia's Q1 financial report comprehensively exceeded expectations, official announced stock split plan
Wall Street traders push U.S. stocks to new highs, Nvidia breaks historicsmallclawmachineThe $1000 mark, the company's bursting financial forecast inspiredsmallclawmachineIt raises the market's expectation that the artificial intelligence craze will continue to drive the market.
The S & P 500 index is expected to hit its 25th new high this year, with the Nasdaq 100 index rising 1% at the start of Thursday.
Nvidia, which is at the heart of the artificial intelligence revolution, jumped 8% at the opening, signaling that the company's valuation will increase by more than $170 billion. This number exceeds Intel's entire market value. The company also announced a 10-share split and increased its quarterly dividend by 150% to 10 cents per share.
The S & P 500 index rose to 5330 points, continuing May's rally. Super Micro Computer and Dell jumped higher, boosted by Nvidia's performance. Chip makers Broadcom and AMD also gained.
