The S&P 500 ticked higher Tuesday, fueled by strong gains in AI leader Nvidia, as investors anticipated details on potential U.S. trade deals.

The broad market index rose 0.5%, while the Dow Jones Industrial Average gained 146 points, or about 0.4%. The Nasdaq Composite was higher by 0.8%.

Nvidia, along with other chip stocks, helped drive this advance. The dominant maker of artificial intelligence chips advanced more than 3%, extending Monday’s gain and passing Microsoft in market cap for the first time since January. Meanwhile, others like Broadcom and Micron Technology rose about 3% and 2%, respectively.

To be sure, CFRA Research’s Sam Stovall still cautions that the market might be in a trading range for a little while.

“We’re not going to get second quarter GDP data until July, we

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