What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 2.1% in the morning session after the company reported third-quarter results that beat Wall Street expectations and provided a strong revenue forecast for the upcoming quarter,

The Dow Jones index soars more than 1% with Nvidia stock surging on earnings. A better-than-expected jobs report is also pushing stocks higher. Chip and AI infrastructure stocks show mettle.

Major U.S. equities indexes turned lower Thursday afternoon, reversing early gains as a rally powered by Nvidia's (NVDA) blockbuster earnings after the bell Wednesday faded. The Dow Jones Industrial Average slid 0.

U.S. stock futures point to a sharply higher open on Thursday, signaling that equities may extend the momentum built in the prior session. The renewed strength comes as investors enthusiastically respond to long-awaited quarterly results from market heavyweight and AI standard-bearer Nvidia (NASDAQ:NVDA).

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Analysts are Tracking Closely. On November 18, BNP Paribas Exane raised its price target on the stock to $250.00 from $240.00 while maintaining an Outperform rating.

This article will be updated throughout the day, so check back often for more daily updates. Everything that could go right to drive the stock market higher today, appears to be going right, and the Vanguard S&P 500 ETF (NYSEMKT: VOO) is up 1.

Chipmakers including Nvidia and Intel are down along with much of the stock market Tuesday, as fears of an AI bubble grow.

U.S. stock futures rose on Thursday after Wednesday’s advances. Futures of major benchmark indices were higher. Investors await September’s job report, which is scheduled to be released today after the end of the record-long government shutdown last week.

Just when many investors thought that the AI trade as we knew it would go up in a poof of smoke, Jensen Huang’s GPU empire, Nvidia (NASDAQ:NVDA), posted a quarterly earnings result that was a lot better than expected.