S&P 500 Rises as Nvidia and Oracle Gain; Kenvue Slips on Safety Concerns
Equities climbed higher as Optimism around artificial intelligence fueled gains in tech stocks. Nvidia shares advanced 4% after announcing a $100 million investment in OpenAI, the creator of ChatGPT. The S&P 500 rose 0.4%, marking its third consecutive record close, while the Nasdaq jumped 0.7%.
Teradyne led the S&P 500 with a 13% surge after Susquehanna Financial raised its price target, citing strong demand for semiconductor testing equipment. Meanwhile, Kenvue shares declined following reports linking its Tylenol product to potential autism risks.
The market's bullish momentum reflects growing institutional confidence in AI and chip-related technologies. Nvidia's strategic MOVE underscores the sector's dominance in driving market sentiment.
