Global stocks struggled for direction in a Thanksgiving holiday shortened week for the US exchanges. The blue-chip S&P 500 edged 0.1% higher whilst the technology focused Nasdaq slipped 0.3%.
The most eagerly awaited event before markets closed for the holiday was Nvidia’s release of its quarterly earnings report on Tuesday evening. Amidst the hype that has propelled the chipmaker’s shares 230% higher this year, it had a lot to live up to which was ultimately reflected in the muted reaction to another blockbuster report.
Nvidia reported record revenues of $18.1 billion for the three months to the end of October, a 206% increase on the same period a year ago, and 34% higher than the previous quarter.
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