Wall Street's S&P 500 and Nasdaq Composite finished higher Thursday, driven by a rally in Nvidia after the chipmaker's earnings and revenue guidance surpassed analyst expectations, according to CNBC.
Key facts
- The S&P 500 and Nasdaq Composite both closed higher on Thursday, according to CNBC.
- Nvidia shares rallied following its latest earnings report and revenue guidance, CNBC reported.
- Nvidia's results surpassed analyst forecasts, according to CNBC.
- Global investors reacted to Nvidia's earnings report, CNBC reported.
The S&P 500 and Nasdaq Composite closed higher on Thursday, with gains led by a rally in Nvidia shares after the chipmaker issued revenue guidance that topped Wall Street expectations, according to CNBC.
Nvidia’s earnings report surpassed analyst forecasts, CNBC reported.
Global investors reacted to the results, according to CNBC’s coverage.
Why it matters
Nvidia's earnings and revenue guidance surpassed analyst forecasts, and CNBC reported the results coincided with higher closes for the S&P 500 and Nasdaq Composite on Thursday.
Frequently asked questions
Why did the S&P 500 and Nasdaq close higher on Thursday?
According to CNBC, both indexes closed higher as Nvidia shares rallied following revenue guidance that surpassed analyst forecasts.
What drove the Nvidia rally?
CNBC reported that Nvidia's earnings report surpassed analyst forecasts, with global investors reacting to its revenue guidance.