Shares to open slightly higher; tech rally lifts Wall Street; US bond yields hit 15-year high; oil climbs for a third day. Follow updates here.
Nvidia Corp shares soared on Monday as more analysts raised their price targets on the stock, a sign of growing optimism about the chipmaker’s highly anticipated results later this week.
The stock gained 8.5 per cent on Monday, its biggest one-day percentage gain since May 25. Shares are up 221 per cent this year, compared with a gain of 41 per cent for the Philadelphia Stock Exchange Semiconductor Index. Much of the rally reflects optimism over artificial intelligence, which Nvidia is a key player in.
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