The three major stock indices (^DJI, ^IXIC, ^GSPC) are feeling festive, capping off Monday's trading session in the green the day after St. Patrick's Day. Nvidia (NVDA) shares also close with a slight gain while the chipmaker showcases it latest generation of products at its 2024 GTC (GPU Technology Conference) event.
Yahoo Finance's Madison Mills and Josh Lipton review the latest market action after the closing bell.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
MADISON MILLS: Look at this beautiful sea of green at least for the Magnificent Seven names here. I'm looking specifically at Google and Apple. Much bigger win on the day for Google up over 4.5% off of that news.
With the Apple iPhone here, Apple up just a little over half a percent there on the day. NVIDIA up 7/10 of a percent. We'll be interested in hearing and seeing how that stock continues to perform as we get news from that Developers Conference later on today.
Interesting to continue to see Tesla. Really outperforming when it comes to the other Magnificent Seven names here on the day. Up a little over 6%. That could be off of that pricing news that we got. Increasing the price of that Model Y out of Europe. And of course, here in the United States as well.
I just want to take a quick look at some of the other major averages here. We're seeing green across all of your major indices here. We've got the Dow Jones up 2/10 of a percent, the NASDAQ ending the day up 8/10 of a percent.
And we've got the S&P 500 up 6/10 of a percent as well. So I'm going to see if I can get over to anything related to NVIDIA here. Let's take a look at least.
This is one of the charts that I can pull up. NVIDIA here is up 7/10 of a percent on the day here. And we're going to continue to monitor NVIDIA's performance as we get more news from that Developers Conference today. Josh, what do you got for us?
JOSH LIPTON: Yeah, so speaking of NVIDIA, listen, that big annual show is kicking off right now. And we know expectations, of course, are sky high. The stock is a monster.
It's already up about 80% already this year. So can CEO Jensen Huang deliver. It's going to be a two-hour keynote questions for today.
Of course, what do we hear about that new GPU dubbed the be 100. What color could we get there on price? Performance has it stack up against the competition. Remember, this is the successor to NVIDIA's H100.
Also, any more color we get about partnerships, about collaborations. Those are always in focus. And more broadly, what does Jensen Huang say about the AI market both. How big it is now, Madi, and how big he thinks it will ultimately become?