NEWS Desk Global
WALL STREET LISTLESS IN COUNTDOWN TO NVIDIA RESULTS AND FED MINUTES
Wall Street's main indexes struggled for direction on Wednesday as investors kept to the sidelines ahead of AI chip leader Nvidia's quarterly results and minutes of the Federal Reserve's policy meeting, due later in the day. All eyes will be on whether semiconductor bellwether Nvidia's first-quarter results, due after markets close, can meet sky-high expectations and sustain the bumper gains the company's shares and other AI-related stocks recorded.
Nvidia has emerged as the third-largest U.S. company by market value after a more-than 92% surge in its shares this year and an over-threefold jump in 2023. The company's shares were down 0.5%, after hitting a nearly two-month high on Tuesday.
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