Nasdaq NVDA Nvidia

The tech-heavy Nasdaq rose more than 1% on Thursday as Nvidia shares soared on a blowout forecast that also lifted other AI-related companies, while investors watched for signs of progress in U.S. debt ceiling talks.

The WisdomTree Artificial Intelligence and Innovation Fund ETF is seeing unusually high volume in afternoon trading Thursday, with over 949,000 shares traded versus three month average volume of about 35,000. Shares of WTAI were up about 1.1% on the day.

In trading on Thursday, semiconductors shares were relative leaders, up on the day by about 2.1%. Leading the group were shares of NVIDIA, up about 27.2% and shares of Monolithic Power Systems up about 13.4% on the day.

What happened Shares of the medical device maker Medtronic (NYSE: MDT) were down by 5% on heavy volume as of 10:53 a.m. ET Thursday. The big loss came after the company reported its 2023 fourth-quarter results ahead of the opening bell today.

Fintel reports that on May 25, 2023, Bernstein maintained coverage of NVIDIA (NASDAQ:NVDA) with a Outperform recommendation. Analyst Price Forecast Suggests 3.51% Downside

Fintel reports that on May 25, 2023, Goldman Sachs maintained coverage of NVIDIA (NASDAQ:NVDA) with a Buy recommendation. Analyst Price Forecast Suggests 3.51% Downside

Fintel reports that on May 25, 2023, Oppenheimer maintained coverage of NVIDIA (NASDAQ:NVDA) with a Outperform recommendation. Analyst Price Forecast Suggests 3.51% Downside

Fintel reports that on May 25, 2023, Barclays maintained coverage of NVIDIA (NASDAQ:NVDA) with a Overweight recommendation. Analyst Price Forecast Suggests 3.51% Downside

Fintel reports that on May 25, 2023, Keybanc maintained coverage of NVIDIA (NASDAQ:NVDA) with a Overweight recommendation. Analyst Price Forecast Suggests 3.51% Downside

Fintel reports that on May 25, 2023, Raymond James maintained coverage of NVIDIA (NASDAQ:NVDA) with a Strong Buy recommendation. Analyst Price Forecast Suggests 3.51% Downside

Fintel reports that on May 25, 2023, Wells Fargo maintained coverage of NVIDIA (NASDAQ:NVDA) with a Overweight recommendation. Analyst Price Forecast Suggests 3.51% Downside

Fintel reports that on May 25, 2023, Citigroup maintained coverage of NVIDIA (NASDAQ:NVDA) with a Buy recommendation. Analyst Price Forecast Suggests 3.51% Downside

These two stories are understandably dominating the news this morning but, as is the way with news, both will be forgotten in a few weeks.

The Nasdaq rose at open on Thursday as Nvidia shares soared on a blowout forecast from the chipmaker that also helped drive an AI rally, while progress in U.S. debt ceiling talks further boosted sentiment.

Nasdaq futures jumped more than 2% on Thursday as Nvidia shares soared on a blowout forecast from the chipmaker that also helped drive an AI rally, while progress in U.S. debt ceiling talks further boosted sentiment.

Technology stocks were rallying pre-bell Thursday with the Technology Select Sector SPDR Fund (XLK) up more than 2% and the iShares Semiconductor ETF (SOXX) recently climbing past 4%.

The NASDAQ 100 Pre-Market Indicator is up 333.7 to 13,938.18. The total Pre-Market volume is currently 52,767,263 shares traded.The following are the most active stocks for the pre-market session: NVIDIA Corporation (NVDA) is +92.36 at $397.74, with 7,119,837 shares traded. Over

For Nvidia Corp, the boom in generative artificial intelligence (AI) is everything, everywhere, all at once. The chip designer's shares extended their rally this year on Thursday, soaring about 28% after a stellar outlook showed that Wall Street has yet to price in the AI potential of the company that has already doubled in value in 2023.