Nasdaq Jumps at Open as Nvidia Forecast Sparks AI-driven Rally

May 25, 2023Updated: May 25, 2023

The Nasdaq rose at open on Thursday as Nvidia shares soared on a blowout forecast from the chipmaker that also helped drive an AI rally, while progress in U.S. debt ceiling talks further boosted sentiment.

The Nasdaq Composite rose 222.28 points, or 1.78 percent, to 12,706.44 at the opening bell.

The Dow Jones Industrial Average rose 54.34 points, or 0.17 percent, at the open to 32,854.26, while the S&P 500 opened higher by 40.47 points, or 0.98 percent, at 4,155.71.