A person looking at the NVIDIA Grace Hopper superchip at Gigabyte booth at COMPUTEX 2023 in Taipei.
Mandatory Credit:	Walid Berrazeg/SOPA Images/LightRocket/Getty Images/File via CNN Newsource

A person looking at the NVIDIA Grace Hopper superchip at Gigabyte booth at COMPUTEX 2023 in Taipei.
Mandatory Credit: Walid Berrazeg/SOPA Images/LightRocket/Getty Images/File via CNN Newsource

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Good day for 401(k)s: S&P 500/Dow hit new highs; Nvidia fervor takes hold of Wall Street

US stocks soared to new highs on Thursday after Nvidia, the third largest company on Wall Street, blew past earnings expectations and bolstered investor optimism on Wall Street.