[New York Stock Market] 'Trusting Nvidia'... Nasdaq Closes Up 1.26%

Buying Driven by Tech Stocks

Nvidia Earnings Expectations Priced In

Q4 Revenue of 68.13 Billion Dollars

Beating Market Forecasts

European Pressphoto Agency, Yonhap News Agency

Buying interest, led mainly by software stocks on expectations for Nvidia's earnings, flowed into the market, and on the 25th (local time) all three major U.S. stock indexes in New York ended higher for a second straight session.

On the New York Stock Exchange (NYSE), the Dow Jones Industrial Average rose 307.65 points (+0.63%) from the previous session to close at 49,482.15. The large-cap S&P 500 Index gained 56.06 points (0.81%) to 6,946.13, while the tech-heavy Nasdaq Composite jumped 288.39 points (1.26%) to finish at 23,152.07.

Nvidia climbed 1.4% ahead of its earnings release and then rose further after the announcement. Ulrike Hoffmann-Burkhardi, UBS Chief Investment Officer for the Americas, said, "Whether the market's confidence can be sustained going forward depends in part on Nvidia's earnings," adding, "In recent weeks, as hyperscalers have announced plans to increase capital expenditures, the market expects Nvidia to guide for revenue above expectations, along with strong sales growth."

After the close that day, Nvidia reported that its sales for the fiscal fourth quarter (November last year to January this year) came in at 68.13 billion dollars, beating the 66.2 billion dollars consensus compiled by market research firm LSEG. Adjusted earnings per share (EPS) were 1.62 dollars, also topping Wall Street's forecast of 1.53 dollars. As the market had expected, the company delivered strong results.

Reuters Yonhap News

Oracle, one of the companies in the artificial intelligence (AI) space, rose 1.47%, helped by an upgrade in its investment rating from Oppenheimer, which cited a "favorable" risk-reward profile following the recent share-price decline.

The software sector advanced for a second straight session. Microsoft (MS) gained 3.08%, and Palantir Technologies closed up 4.09%. Michael Rosen, Chief Investment Officer at Angels Investment Advisory, pointed out that concerns that have been plaguing investors around software and AI "are somewhat overstated."

He continued, "The market is moving away from lumping everything into one bucket and is entering a phase where it is more carefully assessing which companies are better positioned than others," adding, "I think we have moved past a market where people sell first and ask questions later, into a stage where investors are not quite that anxious anymore."

This week, attention is expected to focus on follow-up nuclear talks between the United States and Iran. The United States and Iran will meet in Geneva, Switzerland, on the 26th for follow-up negotiations. One day before the talks, Vice President J.D. Vance said in an interview with Fox News, "Iran cannot be allowed to possess nuclear weapons," adding, "I think Iran's supreme leader and every member of that regime need to understand that."

As the United States strengthens its military deployments around Iran and the risk of war rises, some observers say that if these talks break down, President Trump is highly likely to decide on military action against Iran.

Meanwhile, on the New York Mercantile Exchange, West Texas Intermediate (WTI) crude for April delivery fell 0.21 dollars (0.32%) from the previous session to trade at 65.42 dollars per barrel.

The move came after the U.S. Energy Information Administration (EIA) reported that commercial crude inventories surged by 15.98 million barrels in the week through the 20th. That was far above the market expectation of 1.8 million barrels. News that OPEC and OPEC+, the consultative body of major oil-producing countries, are considering resuming production increases from April also weighed on oil prices.

This content was produced with the assistance of AI translation services.