Stock Market Today: S&P 500 Hits Record High as Nvidia Earnings Boost Chip Stocks, Ethereum Eyes $2,024

The article discusses the stock market’s performance, with the S&P 500 hitting a record high, driven by strong earnings from Nvidia and a surge in chip stocks. Nvidia’s shares soared after the company reported better-than-expected earnings and revenue, fueled by robust demand for its artificial intelligence chips. The article also mentions Ethereum’s price climbing towards $2,024 amid the crypto market’s recovery. Key takeaways include: 1) The S&P 500 reached a new all-time high, boosted by Nvidia’s impressive earnings and the semiconductor sector’s strength. 2) Nvidia’s shares skyrocketed due to strong demand for its AI chips, highlighting the growing importance of artificial intelligence in the tech industry. 3) Ethereum’s price surged, reflecting the broader cryptocurrency market’s recovery and investor optimism.

Source: https://markets.businessinsider.com/news/stocks/stock-market-today-sp-500-record-high-nvidia-earnings-ethereum-2024-5