Nvidia, the chip company that’s become Wall Street’s most influential stock, is rising again Thursday, and it’s helping to keep U.S. indexes around their records despite a mixed set of reports on the economy.
The S&P 500 was 0.2% higher in midday trading after setting an all-time high for the 31st time this year before Wednesday’s holiday. The Dow Jones Industrial Average was up 69 points, or 0.2%, as of 11 a.m. Eastern time, and the Nasdaq composite added 0.2% to its own record.
Nvidia rose 2.8% after supplanting Microsoft on Tuesday as the most valuable company on Wall Street with a total market value of more than $3.3 trillion. It’s been on an incredible run as the main beneficiary of the stock market’s frenzy around artificial-intelligence technology.
Nvidia’s chips are helping to power the move into AI, which proponents see producing explosive growth…
