Jensen Huang, CEO of NVIDIA, holding a chip.
Jensen Huang, CEO of NVIDIA, at a 2023 press conference in Taipei.
  • Stocks rose Thursday after Nvidia's earnings blew Wall Street expectations out of the water.
  • Nvidia stock has been the best-performing name on the S&P 500 this year.
  • Meanwhile, the Commerce Department said durable goods orders fell 5.2% in July.

US stocks rose as markets opened Thursday, with the tech-heavy Nasdaq leading the way in the green after Nvidia's strong earnings beat the evening before.