The US microchip giant Nvidia has gained the entire value of Britain’s biggest listed company in a single day as the artificial intelligence (AI) boom sent shares to a fresh record high.
Worries about interest rates cast a cloud over the rally fueled by Nvidia earnings. The Dow was down 416 points, or 1.1%. The S&P 500 was down 0.1%. The Nasdaq Composite was up 0.4%. The Nasdaq was on track for a record close.
Nvidia's earnings report is making a huge difference for the S&P 500. The Dow was down about 223 points, or 0.6%, in Thursday morning trading. The S&P 500 was flat, while the Nasdaq Composite was up 0.