All three major U.S. stock indexes reached record closing highs on Tuesday, fueled by Nvidia's announcement of building AI supercomputers for the U.S. Energy Department and optimistic outlooks on corporate earnings.

Jensen Huang, Nvidia's CEO, stated plans for seven supercomputers and disclosed $500 billion in bookings for AI chips. Additionally, Nvidia partnered with Nokia to advance in the AI communications market. Microsoft also saw gains after securing a 27% stake in OpenAI, restructuring into a public benefit corporation. Investors anticipate key quarterly reports from tech giants such as Apple, Microsoft, and Alphabet, focusing on AI expenditure.

The S&P 500 climbed 15.79 points to close at 6,890.95, Nasdaq went up 190.04 points to 23,827.49, and the Dow Jones increased by 162.06 p

See Full Page