Nvidia Corporation (NASDAQ:NVDA) shares closed higher on Thursday as semiconductor stocks recorded gains following strong quarterly results from Qualcomm (NASDAQ:QCOM). The Federal Open Market Committee (FOMC) did not intend to raise rates and is still open to lowering them before the year is out. The semiconductor industry, a high-growth sector, responded well to the news. Typically, investors are scared away from high-growth equities in high-interest rate environments. Nvidia is scheduled to host a conference call on Wednesday, May 22, to discuss its financial results for the first quarter of fiscal year 2025. Analysts expect the company to report quarterly earnings at $5.55 per share on revenue of $24.49 billion. With the recent buzz around Nvidia, some investors may be eyeing potential gains from the company's ...