Most of Wall Street rises as Nvidia’s profit report keeps AI euphoria rolling
NEW YORK — Most U.S. stocks are climbing Thursday following another blowout earnings report from Nvidia, as euphoria builds only higher for the profit potential of artificial intelligence.
Nvidia also increased its dividend as its CEO, Jensen Huang, touted how “the next industrial revolution has begun.” News Corp. rose 1.3% after it announced a deal to bring its content from The Wall Street Journal, New York Post and other news businesses to OpenAI. The yield on the 10-year Treasury edged down to 4.42% from 4.43% late Wednesday. The two-year yield, which more closely tracks expectations for action by the Federal Reserve, edged up to 4.88% from 4.87%.
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