US stocks finished higher on Wednesday as investors awaited Nvidia’s closely watched earnings report, viewed as a key indicator for the AI-driven market rally.
The S&P 500 and Nasdaq each rose 0.2%, while the Dow added 146 points. Nvidia shares were largely unchanged, despite options signaling a potential $260 billion swing in market value. The chipmaker is expected to post 49% earnings growth and 53% revenue growth year-over-year, though it warned of an $8 billion impact from US trade restrictions on China.
Elsewhere, MongoDB surged 36% and Okta climbed 3% after both topped forecasts, driven by strong AI-related demand that lifted sentiment ahead of Nvidia’s results. With a $4 trillion market capitalization and the largest S&P 500 weighting, Nvidia’s earnings are seen as a pivotal moment for the broader bull market.
Separately, Cracker Barrel jumped more than 7% after announcing it would drop its new logo following customer backlash and criticism from President Trump.
Source: Trading Economics