Nvidia shares increased nearly 9% on Thursday after the company’s revenue guidance reassured investors that demand for artificial intelligence will stay strong.
The rally added approximately $440 billion to Nvidia’s market capitalization.
Investor optimism indicates that Nvidia could avoid the typical pattern of its stock declining the day after earnings reports, a trend seen in the past four quarters despite meeting or exceeding estimates.
Following Nvidia’s announcement, several other chip stocks also saw gains, including Broadcom and Intel.
Shares of Neocloud Nebius rallied as well, while CoreWeave traded flat.
Source (CNBC)
