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Nasdaq Advances on AI Firm Earnings
The Wall Street market saw an increase in the Nasdaq index led by strong results from AI companies, as SpaceX and Super Micro Computer reported profits exceeding investor expectations, boosting demand for sector shares. The results showed that some companies, like Tesla and HPE, achieved higher revenues and profits than expected, while others such as Netflix and Alphabet reported earnings below forecasts, reflecting tension in the tech market. Markets are still awaiting the results of other companies, especially Meta and Tesla, amid ongoing fluctuations in semiconductor and AI infrastructure stocks, all while inflationary pressures and high oil prices persist.
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