US Stocks Open Higher Ahead of Nvidia Earnings
JOON HYOUNG LEE
Summary
- US stocks opened higher ahead of Nvidia's earnings report.
- Semiconductor-related stocks rebounded ahead of Nvidia's quarterly earnings report, helping the Nasdaq and the S&P 500 open higher.
- Investors are viewing Nvidia's earnings report as a key test of artificial intelligence (AI) demand.
Forecast Trend Report by Period
US stocks opened higher ahead of Nvidia's earnings report.
The Nasdaq rose 0.47% shortly after the open on May 20, while the S&P 500 gained 0.21%, Reuters reported. The Dow Jones Industrial Average slipped 0.03%.
Chip stocks rebounded ahead of Nvidia's quarterly results, helping lift the Nasdaq and the S&P 500 at the open, Reuters said. Investors are viewing Nvidia's earnings report as a key test of demand for artificial intelligence.
Nvidia is set to report fiscal 2026 first-quarter earnings for the February-April period at 6 a.m. Korea time on May 21.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
