Global stock markets rebounded strongly on Thursday, buoyed by Nvidia’s spectacular performance, which swept away recent concerns about a possible artificial intelligence bubble.
Euphoria reigns this Thursday morning thanks to Nvidia’s results, while investors await new signals on US monetary policy. In early European trading, Paris climbed +1.27%, London +0.71%, Milan +1.20%, and Frankfurt 1.10%.
Nvidia takes the markets by surprise and revives the tech rally
The US chip giant once again surprised Wall Street by announcing quarterly results that were well above expectations. Its 62% year-on-year growth and revenue projections of around $65 billion for November-January reassured investors who were beginning to doubt the strength of AI-related demand.
The reaction was immediate : Nvidia shares rose more than 5% after the close of trading. The company’s CEO, Jensen Huang, responded by saying that demand for data center chips continued to accelerate.
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