Wall Street’s main indexes advanced on Thursday, with technology stocks getting a boost after Nvidia’s stellar results quelled some concerns around an AI bubble, while a firm September jobs report showed signs of a resilient economy.

Nvidia gained 3.6% after the world’s most valuable company forecast sales above analysts’ estimates for the final three months of the year and surpassed expectations for third-quarter revenue.

CEO Jensen Huang shrugged off concerns about AI on a call with analysts, saying, “We see something very different.”

A year-long rally in high-flying technology stocks had begun to lose some steam as investors became increasingly cautious of a potential AI bubble.

Concerns about monetization prospects over the technology, circular spending within the sector and debt i

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