Wall Street's main indexes inched up on Thursday, supported by upbeat results from PepsiCo and strong economic data that pointed to a healthy consumer. Retail sales rebounded more than expected in June,

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In the early hours of trading, the Dow Jones Industrial Average (.DJI), opens new tab rose 40.95 points, or 0.09%, to 44,295.73, the S&P 500 (.SPX), opens new tab gained 5.57 points, or 0.09%, to 6,269.

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

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

Some U.S. are holding up efforts to finalize a deal that would let the UAE buy billions of dollars of Nvidia’s AI chips due to national-security concerns.

A day after Nvidia set a new record by reaching a $4 trillion market cap, at least three Wall Street analysts issued new reports that rated the stock a buy, according to Bloomberg data. The bulls pointed to Nvidia’s role as the premier chipmaker and the fact that compared to its fundamentals,

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.