S&P 500, Dow score record high closes on Nvidia results

The S&P 500 climbed 0.32% to end the session at 6,501.86 points. The Nasdaq gained 0.53% to 21,705.16 points, while the Dow rose 0.16% to 45,636.90 points.

NEW YORK: The S&P 500 and Dow Jones Industrial Average notched record high closes on Thursday after Nvidia's quarterly report fell short of investors' high expectations but confirmed that spending related to artificial intelligence infrastructure remains strong.

Shares of Nvidia dipped 0.8% after Sino-US trade uncertainties prompted the leading AI chip designer to exclude potential China sales from its quarterly forecast late on Wednesday. Investors viewed Nvidia's report, including a 56% surge in quarterly revenue, as confirmation that demand related to AI technology remains strong, supporting a rally in AI-related stocks that has propelled Wall Street to record highs in recent years.