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The Economic Times
The Economic Times

US stocks today: Dow soars 600 pts, Nasdaq 1.5% as chip stocks rally eyeing Nvidia results, Iran peace deal hopes

Wall Street's main indexes closed more than 1% higher on ​Wednesday, bouncing back from a three-day selloff with a boost in sentiment from technology and chip stocks, which rose ahead of Nvidia's quarterly results.

Investors will look to the latest report from Nvidia , the leading artificial intelligence chipmaker and the world's most highly valued company, for reassurance that the appetite for spending on AI remains ‌strong enough to ⁠support lofty valuations ⁠across the technology sector.

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