Major U.S. equity indexes moved higher a day after Nvidia (NVDA), the world’s most-valuable company, topped third-quarter revenue and profit forecasts but said supply chain issues could crimp revenue growth in the current quarter.
The S&P 500 ticked up 0.5%, while the Dow advanced 1.1%. After trading down for much of the day, the Nasdaq recovered in the afternoon to eke out a gain of less than 0.1%.
Super Micro Computer (SMCI) shares jumped 15%, logging the top daily performance in the S&P 500 for the third time this week. Thursday’s gains came after Nvidia mentioned its partnership with the server maker during its earnings call last night. Earlier this week, Supermicro filed a compliance plan related to the release of its delayed annual report, which should help it steer clear of a possible delisting by the Nasdaq. Nvidia’s shares rose 0.5%.
Shares of Amentum (AMTM) jumped 10.5%, clawing back a portion of the stock’s recent …