US Stocks Rise as Nvidia Shares Soar to Record High

According to BlockBeats, on February 22, US stocks opened higher with the Dow Jones Industrial Average gaining around 240 points, the S&P 500 Index rising 1.39%, and the Nasdaq Composite Index increasing 2.05%. Nvidia (NVDA.O) shares surged over 11% after its earnings report, reaching a new all-time high.

Boosted by Nvidia's strong performance, US chip stocks rose across the board. AMD (AMD.O) shares climbed over 5%, Taiwan Semiconductor Manufacturing Company (TSM.N) gained 3.2%, and Intel (INTC.O), Amazon (AMZN.O), and Qualcomm (QCOM.O) each rose approximately 2%.