U.S. stocks ended higher on Thursday as shares of Nvidia gained after its quarterly results, while investors digested a late-afternoon court ruling that reinstated the most sweeping of President Donald Trump's tariffs.

Nvidia reclaimed its post as the world’s most valuable company after the AI chip king delivered a “great” earnings report despite a “hurdle” from export restrictions to China.

A big rally for stocks that began in Asia is easing off the accelerator amid uncertainty about what will happen next after a U.S. court blocked many of President Donald Trump’s sweeping tariffs