Forget the Fed: Stocks are setting new highs once again after Nvidia's blockbuster Intel deal
US stocks hit fresh records on Thursday as the Nvidia-Intel deal unleashed a rally in chip stocks. Nvidia will invest $5 billion in Intel, and the chipmakers will develop custom products together. Intel, Synopsys, and ASML were among the top movers in the morning. Nvidia, once again, has stolen the show — specifically the chip titan's announcement of a massive investment in a struggling rival. The S&P 500 and the Nasdaq Composite touched fresh records on Thursday, with the indexes coming to life af ...