technology ·
Looking Past Nvidia Turmoil, Stocks Log Best Week in Months
A drop in Nvidia shares after the ouster of the company’s chief executive has not spread to the rest of the market, as artificial intelligence stocks have broadly risen.
Listen · 4:35 min - Share full article - - S&P 500 index How stocks are trading in the United States Note: Data delayed at least 15 minutes. The stock market on Friday was set for its best week in months, as investors brushed off concerns about the resignation of Jensen Huang as chief executive of Nvidia, the behemoth chip maker.
The S&P 500 is on course to rise more than 3 percent for the week, which would be its best five-day stretch since early August. The Nasdaq Composite has also risen more than 3 percent so far this week. The moves are an end to weeks of losses in which concerns about a slowdown in the growth of the artificial intelligence industry weighed on the market and prompted sharp sell-offs in many of the tech companies that have led the market higher in recent years.
