Nasdaq Surges 200 Points; Nvidia Posts Upbeat Q2 Results - NVIDIA (NASDAQ:NVDA), XIAO-I (NASDAQ:AIXI)

U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining around 200 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.01% to 53,457.46 while the NASDAQ climbed 0.77% to 26,332.01. The S&P 500 also rose, gaining, 0.27% to 7,696.27.

Leading and Lagging Sectors

Information technology shares jumped by 2.2% on Thursday.

In trading on Thursday, consumer staples stocks fell by 1.1%.

Top Headline

Nvidia Corp. (NASDAQ: NVDA ) reported better-than-expected second-quarter financial results and issued a strong revenue forecast for the current quarter, after the closing bell on Wednesday.

Nvidia reported second-quarter revenue of $96.22 billion, up 106% year-over-year. The revenue total beat a Street consensus estimate of $92.18 billion, according to data from Benzinga Pro.

Equities Trading UP
           

Propanc Biopharma Inc (NASDAQ: PPCB ) shares shot up 211% to $3.33 after the company announced preclinical and early translational data for its lead candidate PRP in pancreatic ductal adenocarcinoma. Shares of VolitionRX Ltd (NYSE: VNRX ) got a boost, surging 86% to $0.63 after the diagnostics company reported a 112% year-over-year revenue surge in the first half of 2026, reaching $1.4 million as it expanded its clinical and commercial operations. Mint Incorporation Ltd (NASDAQ: MIMI ) shares were also up, gaining 74% to $3.13 after dipping over 6% on Wednesday. Trending

Equities Trading DOWN

Alpha Modus Holdings Inc (NASDAQ: AMOD ) shares dropped 25% to $2.87. Alpha Modus disclosed that it is advancing a strategic transaction expected to add 3,170 Bitcoin to the Company’s balance sheet. Shares of Change Agents Corp (NASDAQ: CHGA ) were down 29% to $0.13 after the company announced a 1-for-20 reverse stock split. Xiao-I Corp (NASDAQ: AIXI ) was down, falling 21% to $0.64. Xiao-I agreed to sell $4.33 million unsecured convertible note for $4 million to institutional investor.

Commodities

In commodity news, oil traded up 0.7% to $82.77 while gold traded down 0.5% at $4,629.50.

Silver traded down 0.2% to $67.880 on Thursday, while copper rose 1.1% to $6.6745.

Euro zone

European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.6%, while Spain’s IBEX 35 Index fell 0.7%, London’s FTSE 100 fell 0.6%, Germany’s DAX gained 0.2%, while France’s CAC 40 dipped 1.6%.

Asia Pacific Markets

Asian markets closed mostly lower on Wednesday, with Japan’s Nikkei 225 falling 0.20%, Hong Kong’s Hang Seng index dropping 0.34%, China’s Shanghai Composite rising 1.13% and India’s BSE Sensex falling 0.70%.

Economics

U.S. initial jobless claims declined by 4,000 to 203,000 in the third week of August, compared to market estimates of 208,000. U.S. wholesale inventories climbed by 1.3% month-over-month to $959.1 billion in July, following a revised 0.3% gain in June. The US goods trade deficit rose to $118.8 billion in July from $101.4 billion in the previous month.

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