Nasdaq Gains Over 1%; Nvidia Posts Strong Revenue

Benzinga
2025.05.29 13:55
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U.S. stocks rose, with the Nasdaq gaining over 1%. Nvidia reported strong first-quarter revenue of $44.1 billion, exceeding estimates, and projected $45 billion for Q2. Alzamend Neuro surged 140% after a clinical trial announcement, while Brooge Energy fell 58% due to voluntary delisting. Oil prices dropped 1.1%, while gold and silver saw gains. Initial jobless claims increased to 240,000, and the U.S. economy contracted by 0.2% in Q1.