Market Gains: Nvidia Leads Amid Earnings Anticipation

In a robust trading session on Tuesday, U.S. stocks climbed, propelled by significant gains from Nvidia and a wave of optimism surrounding imminent corporate earnings reports. Nvidia's shares surged 4.1% as CEO Jensen Huang unveiled ambitious plans for constructing seven supercomputers, marking a $500 billion booking in AI chip demand. President Donald Trump hinted at an upcoming meeting with Huang.

Microsoft also saw a 2.4% increase following its strategic move to acquire a 27% stake in OpenAI, while Apple maintained a nearly flat performance after crossing a $4 trillion market valuation. Investors are highly focused on AI investments and eagerly await earnings details from tech giants like Microsoft, Alphabet, and Amazon.

The market's rally was underscored by a projected 10.5% increase in third-quarter earnings for S&P 500 companies, despite lingering economic data delays due to a month-long U.S. government shutdown. All eyes are on this week's Federal Reserve meeting for clarity on possible interest rate cuts.