Stock Market Reclaims Record Highs, Nvidia Tops $1,000 As AI-Driven Rally Resumes: Thursday’s Top Movers – Applied Mat (NASDAQ:AMAT), Advanced Micro Devices (NASDAQ:AMD)

On Thursday, Wall Street opened the session with significant milestones as the S&P 500 and the Nasdaq 100 indices surged to new record highs. This rebound was driven by Nvidia Corp. NVDA, which soared 9% to $1,034 per share following outstanding earnings results and optimistic guidance.

The chipmaker reported $26 billion in revenue for the last quarter, a 262% increase from the same quarter last year, surpassing the expected $24.6 billion. Notably, AI-driven Data Center revenue skyrocketed by 427% year-over-year.

The SPDR S&P 500 ETF Trust SPY gained 0.3% to reach $531 at 09:45 a.m. EDT, while the tech-heavy Invesco QQQ Trust QQQ rose 0.7%, both achieving record highs.

In contrast, underperformance in technology stocks impacted the blue-chip index, with the SPDR Dow Jones Industrial Average DIA falling 0.4%. Small-cap stocks were slightly weaker, with the iShares Russell 2000 ETF IWM down 0.1%.

Sector-wise, technology stocks led the gains, with the Technology Select Sector SPDR Fund XLK increasing by 0.6%.

In the industry segment, semiconductor stocks were the top performers, with the VanEck Semiconductor ETF SMH and the iShares Semiconductor ETF SOX rising 3.1% and 1.7%, respectively.

S&P 500’s Top Gainers;

#	Name	Last	Chg %
1	NVIDIA Corporation	1,035.29	9.04%
2	Super Micro Computer, Inc. SMCI	945.76	8.30%
3	Advanced Micro Devices Inc. AMD	171.45	3.58%
4	Applied Materials, Inc. AMAT	223.68	2.53%
5	International Paper Company IP	43.15	2.48%

Updated at 09:51 a.m. EDT

Nasdaq 100’s Top Gainers:

#	Name	Last	Chg %
1	NVIDIA Corporation	1,029.68	8.44%
2	PDD Holdings Inc. PDD	153.70	4.49%
3	ASML Holding N.V. ASML	957.89	3.86%
4	Advanced Micro Devices Inc.	169.50	2.41%
5	Applied Materials, Inc.	223.06	2.25%