Wall Street opened this Thursday in green and the Dow Jones Industrialsits main indicator, rose 0.65%, dragged down in a moment of euphoria due to the good results of the processor manufacturer Nvidia.
Five minutes after the trading floor opened, the Dow Jones stood at 38,864 points, and the selective S&P 500 rose 1.20% and recovered the 5,000 point barrier, standing at 5,041 points.
For its part, the Nasdaq composite market index, in which large technology companies are listed, gained a solid 1.88% after the spectacular quarterly results reported on Wednesday by Nvidia, which at this time rose 12.53%.
Nvidia announced yesterday its results for fiscal year 2023, a record year in which it multiplied its net profit by six thanks to the advance of Artificial Intelligence (AI).
Nvidia recorded its best figures due to the growing demand around AI: an accumulated profit of $29,760 million (581% more than $4,368 million in 2022) and a turnover of $60,922 million (126% more), according to a company statement.
The company run by Jensen Huangwhich has been revealing how its business volume skyrocketed each quarter, also recorded records in the fourth and final stretch of the year: a profit of 12,285 million (769% more) and a turnover of 22,103 million (265% more) .
These results have silenced the doomsaying voices that in recent days predicted a ‘flat’ for Nvidia due to an alleged overvaluation of the company, rumors that had caused falls in its shares in the first days of the week.
Nvidia has also been the engine that this morning leads the technology sector in general to a powerful rise of 3.59%, well ahead of that of non-essential goods (1.06%); Of those who lose, public services stands out (-1.11%).
Among the 30 Dow Jones stocks, once again the companies that benefited the most are technology companies, and, apart from Nvidia, Salesforce (3.57%), Microsoft (2.36%) and IBM (2.21%) stand out; Among those in the red are Walgreens (-2.05%) and Verizon (-1.76%). EFE (I)
#Wall #Street #green #due #Nvidia #results
