Global tech shares surge as Nvidia's AI boom powers market rally

Global tech shares surge as Nvidia’s AI boom powers market rally

By Rashika Singh and Rae Wee (Reuters) -Global technology shares rallied on Thursday after Nvidia‘s blow-out quarterly results signalled that demand for artificial intelligence hardware remains strong even as analysts caution the boom may be outpacing ​fundamentals. The chip bellwether’s stellar results tempered some concerns over a potential AI bubble, although questions lingered around the…

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Global tech stocks climb as Nvidia results soothe AI bubble concerns

Global tech stocks climb as Nvidia results soothe AI bubble concerns

Global tech stocks rallied Thursday as investors piled back into AI-related names, buoyed by Nvidia earnings. Nvidia topped forecasts for revenue, which jumped 62% to $57.01 billion year-on-year, and issued stronger-than-expected fourth-quarter sales guidance, giving investors the confidence they were looking for to continue placing bets on the AI industry. Shares were 5% higher in…

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Nvidia shares rise after after stronger-than-expected 3Q results

Nvidia shares rise after after stronger-than-expected 3Q results

Shares in AI darling Nvidia popped in premarket trade after the U.S. firm beat expectations in third-quarter results after the closing bell on Wednesday. Shares were last trading 5.5% higher at 4:15 a.m. ET. Nvidia topped forecasts for revenue, which jumped 62% to $57.01 billion year-on-year, and issued stronger-than-expected fourth-quarter sales guidance. “There’s been a…

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Markets rally after Nvidia’s strong results calm AI bubble fears, and investors await US jobs report – business live | Business

Markets rally after Nvidia’s strong results calm AI bubble fears, and investors await US jobs report – business live | Business

Introduction: Nvidia shrugs off AI bubble fears Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. It’s one risk event down, one to go, for investors today after Nvidia calmed nerves with some sizzling financial results. The chipmaker at the heart of the artificial intelligence boom calmed…

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