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The broader market strengthened alongside. The Dow Jones Industrial Average, which closed the previous session at 46,138.77, was last seen trading around 46,719.49 in intraday action—an increase of roughly 560 points, or 1.21%, signalling broad-based buying beyond tech.
Tech-stocks caught a fresh wave of momentum Thursday as expectations from the Nvidia Corporation earnings report reverberated across US and global markets. US stock-futures pointed to a solid open, Nasdaq futures up ~1.8%, S&P 500 futures near +1.3% and Dow Jones Industrial Average saw an increase of 1.21%.
The results calmed near-term worries about AI spending, while also reminding investors how quickly tech valuations are inflating. The stock led in absolute gains among the Magnificent 7, rising USD 6.81 (3.65%) to about USD 193.33, while Alphabet jumped USD 10.50 (3.59%). Tesla rallied nearly 5%, adding USD 20.10 to $424.09, and Apple advanced 1.79%. Microsoft, Meta and Amazon also posted steady gains, reinforcing the bullish tone across mega-cap tech.
Nvidia reported third-quarter results that surpassed estimates and offered a fourth-quarter revenue forecast of roughly USD 65 billion, topping consensus expectations. In response, its shares jumped more than 5% in extended trading, reversing a recent slide triggered by bubble jitters around artificial intelligence.
Beyond the US, the tone was globally positive: Asian markets rallied, Europe’s tech heavyweights gained, and overall the relief rally hinted that at least temporarily the AI narrative is back in vogue.
European equities climbed as Nvidia’s blockbuster earnings reignited global risk appetite, lifting the STOXX 600 by about 0.7% and pushing Germany’s DAX and France’s CAC 40 up nearly 0.8% each. Tech led the rebound, with the region’s semiconductor and equipment makers — including ASML, Infineon, Siemens Energy and Schneider Electric — posting outsized gains. Reports that Washington may delay tariff hikes on advanced chips added another tailwind for Europe’s supply-chain heavyweights, further strengthening sentiment across energy and financials as well.
Asia followed with an even stronger reaction. Japan’s Nikkei 225 surged — intraday reports pointed to moves as high as 4% as AI-linked names such as Advantest, Tokyo Electron and SoftBank rallied. South Korea’s market saw a similar tech-led upswing, with SK Hynix and Samsung Electronics jumping more than 4%, while TSMC in Taiwan gained between 3.6 to 4.5% on renewed optimism around AI chip demand. The response was more subdued in China and Hong Kong, where mainland benchmarks eked out only marginal gains and the Hang Seng remained restrained by persistent macro and regulatory concerns.
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