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The Nasdaq Composite rose to a record high on Thursday, with Wall Street's other major indexes also advancing, as strong economic data and positive earnings reports cheered investors. U.S. retail sales bounced back sharply in June,

Nvidia and the University of Bristol unveiled the UK's fastest AI supercomputer on Thursday, continuing the company's push into sovereign AI.

Wall Street analysts were positive after Nvidia (NASDAQ:NVDA) said it hopes to resume sales of its H20 chips to Chinese clients, citing U.S. government assurances that export licenses will be granted.

Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.

Early trading on Wall Street was quietly mixed as markets shift their attention toward a deluge of corporate earnings reports.

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.

Currently, Nvidia accounts for nearly 8 percent of the S&P 500. That’s the highest weighting for a single stock in 45 years, according to Todd Sohn, senior ETF strategist at Strategas Securities. For context, industrials account for 8.7 percent of the index, while healthcare stands at 9.1 percent.