Gains for chipmaker Nvidia helped US stocks close higher, as investors prepared for the release of the chipmaker’s quarterly earnings on Wednesday.
Wall Street’s benchmark S&P 500 closed 0.4 per cent higher on Tuesday, while the technology-dominated Nasdaq Composite gained 1 per cent.
Nvidia climbed 4.9 per cent for its biggest one-day jump in two months and also finished as one of the top-performing stocks in the S&P 500.
The industry leader, whose products have become crucial to the artificial intelligence boom, is expected to post an 83 per cent increase in third-quarter earnings on Wednesday, to $33.2bn.
