Nvidia Leads Tech Stocks Higher Amid AI Boom

World stock markets were mixed on Thursday after Wall Street retreated following economic updates. The S&P 500 rose 0.7% and pulled closer to its all-time high, while the Dow Jones Industrial Average added 105 points or 0.2%. The Nasdaq composite climbed 1.6%, led by technology stocks.

Nvidia was a key driver of market gains, with its stock rising 8.7% after delivering stronger profit and revenue for the latest quarter than analysts expected. CEO Jensen Huang said 'AI has reached its inflection point' and is doing useful work.

Salesforce also reported strong earnings, with its stock jumping 22.6%. The company's CEO Marc Benioff stated that it's seeing incredible demand for AI and data products.