Nvidia’s Stock Soars as US Markets Rebound

Nvidia's Stock Soars as US Markets Rebound

US stock markets declined on Tuesday. The Dow Jones closed at 44,556 points, a slight increase of a few points from the previous trading day.

Minutes earlier, the broader S&P 500 had risen by 0.2% to around 6,130 points, while the technology-focused Nasdaq 100 had also gained 0.2% to around 22,164 points.

Nvidia, a chip designer, has seen its stock recover after a recent drop, now nearing its pre-DeepMind value. The company is set to release its quarterly earnings in the coming week. Meanwhile, rumors are circulating about the potential breakup of Intel into two separate entities, with its rivals as potential targets.

The euro weakened against the US dollar on Tuesday evening, with one euro equivalent to 1.0446 US dollars and one dollar worth 0.9573 euros.

Gold prices, on the other hand, saw a significant gain, with one ounce selling for 2,933 US dollars, or 90.29 euros per gram, a 1.2% increase.

Oil prices also rose, with a barrel of Brent crude selling for 75.74 US dollars, a 0.7% or 52-cent increase from the previous trading day’s close.