Nasdaq registers record closing highGains in technology companies such as Nvidia and Microsoft have fueled the recent rally on Wall Street amid further optimism over artificial intelligence.
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The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City
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New York: The Nasdaq posted a record high finish on Thursday, closing above its prior record high of 16,057.44 set on Nov. 19, 2021, with the Nasdaq Composite advancing 144.18 points, or 0.90%, to 16,091.92.
Gains in technology companies such as Nvidia and Microsoft have fueled the recent rally on Wall Street amid further optimism over artificial intelligence.
Nvidia, whose stock jumped last week after the chipmaker forecast a roughly three-fold surge in first-quarter revenue on strong demand for its AI chips, was a big boost to the Nasdaq on Thursday.