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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Nvidia leads semiconductor stocks higher

Nvidia leads semiconductor stocks higher

Shares of Nvidia rose 5% after hours on Wednesday following its latest earnings results. The semiconductor giant posted third-quarter results and guidance that were above Wall Street’s forecast amid insatiable demand for artificial intelligence processors.    Several tech stocks are higher in response to the Nvidia results. Micron (MU) +4.3%, AMD +… Source link

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