S&P 500 and Nasdaq Reach Record Highs as Nvidia Fuels Tech Rally

U.S. stocks climbed to fresh records on Thursday, with the S&P 500 and Nasdaq Composite both closing at all-time highs as investors piled into technology shares. Nvidia led the advance after strong demand for its artificial intelligence chips reinforced optimism about the sector’s growth prospects.

The broader market also found support from solid earnings reports from major banks, which helped lift the Dow Jones Industrial Average. Financial results from the sector eased some concerns about the health of corporate America and added to the day’s upbeat tone.

Despite lingering worries about inflation, traders largely looked past the data and focused instead on expectations that the Federal Reserve will keep interest rates steady in the near term. That view helped sustain appetite for risk assets, particularly high-growth technology names that tend to benefit from a stable rate environment.

The latest rally underscores how enthusiasm around artificial intelligence continues to shape market leadership, with Nvidia once again at the center of investor attention. As earnings season progresses, market participants will be watching closely for signs that corporate profits can support the recent gains across major indexes.