S&P 500 reached new heights in completing its meeting Wall Street On Thursday (28.8.25), as investors carefully examined Nvidia’s results and forecasts. Investors have largely examined the numbers as a confirmation of the flourishing of artificial intelligence.
Specifically, Wall Street’s key indicators moved as follows: The Dow Jones Industrial Index rose 0.16%, closing at 45,637.27 points. The wider S&P 500 index rose 0.33%to 6,502.45 points. The technologically heavy Nasdaq recorded 0.53%profits, closing at 21,705.16 points.
Nvidia – which accounts for about 8% of the S&P 500, according to the Factset – announced second quarter results that exceeded Wall Street estimates with a 56% revenue. There were some initial concerns: First, the revenue for the Data Centers business was slightly below the estimates. Secondly, the company recorded total revenue for this quarter at $ 54 billion, slightly above the expectations of analysts involved in a LSEG poll for $ 53.1 billion.
The share initially declined, but returned to the opening. Currently it is about 0.5% lower. Many traders and analysts have noted that the revenue driver does not require Sales of H20 in China. If an agreement can be reached that includes China and the Trump government for these sales, then revenue this quarter could be much better than forecasts.
“They did not include China in their driver, and some hoped there were some sales in China there, perhaps a slightly more steady attitude that sales in China could start,” said Ben Reitzes, head of technological research in Melius, at the Squawk Box.