(Bloomberg) — Stocks rose to another record ahead of results from Nvidia Corp. — the giant chipmaker at the heart of the artificial-intelligence revolution that has powered the bull market.
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The bar is high for the Santa Clara, California-based company — whose shares have soared over 90% this year after more than tripling in 2023. Investors are waiting to see whether the poster child of AI will be able to match the sky-high expectations surrounding the technology. Nvidia’s revenue is expected to be buoyed by soaring demand in its data-center business.
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“With markets trending upward and emotions in check, Nvidia’s performance will be pivotal in gauging the sustainability of the current market run and the potential for a more inclusive market rally,” said Mark Hackett at Nationwide.
Traders also kept a close eye on a handful of Federal…
