Nvidia Earnings Spark Global Rally As Strong AI Demand Eases Bubble Fear

Benzinga

Nvidia’s blockbuster results boosted global tech stocks as strong AI-hardware demand eased bubble worries. Chipmakers across the U.S., Europe, and Asia rallied, with ASML, TSMC, and SK Hynix all advancing. Nvidia shares climbed in premarket trading as the company approached a $243B market-cap jump.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02NVIDIA's blowout quarterly results lifted global tech stocks as demand for AI hardware

00:07stayed strong and eased bubble concerns, according to Reuters.

00:10Chip giant's strong results eased some AI bubble concerns,

00:13but doubts remain about whether current surge in spending will prove sustainable.

00:17Fuller sentiment lifted global tech stocks as major U.S. chipmakers rose sharply

00:21and other semiconductor companies logged additional gains.

00:24Europe's tech index rose 1.2%, led by a gain in ASML.

00:28In Asia, major chip suppliers climbed as TSMC and SK Hynix advanced,

00:32and Japan's Nikkei returned to the $50,000 level.

00:36CEO Jensen Huang dismissed AI bubble fares and highlighted strong long-term demand

00:40as analysts praised NVIDIA's better-than-expected beat and raise in its execution

00:44across a complex supply chain.

00:46Shares rose in pre-market trading as NVIDIA moved toward adding nearly $243 billion to its market cap.

00:52For all things money, visit Benzinga.com.

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