European markets rallied at the opening bell on Thursday as investors reacted to strong earnings from leading artificial intelligence company Nvidia. The pan-European Stoxx 600 rose 1% in the first few minutes of trading. Nvidia released its third-quarter results after the opening bell on Wednesday, beating fourth-quarter revenue and sales estimates. The chipmaker posted a 62% year-over-year revenue surge to $57.01 billion and said it expects revenue of $65 billion in the fourth quarter. "There's a lot of talk about an AI bubble," Nvidia CEO Jensen Huang told investors on the earnings...
The Hang Seng closed almost flat at 25,835 on Thursday (November 20), reversing morning gains after four consecutive sessions of losses. Strength in the financial sector helped offset declines in technology, property, and consumer stocks after the People's Bank of China (PBOC) maintained its benchmark interest rate at a record low for the sixth consecutive meeting, reinforcing its accommodative stance. Sentiment was mixed as media reports suggested China was considering new property support measures, including mortgage subsidies for first-time buyers, higher income tax rebates for mortgage...
Wall Street's main indexes jumped at the open on Thursday as technology stocks received a boost after Nvidia's stellar results quelled some concerns around an AI bubble, while a firm September jobs report showed signs of a resilient economy. The Dow Jones Industrial Average rose 428.7 points, or 0.93%, at the open to 46567.51. The S&P 500 rose 95.8 points, or 1.44%, at the open to 6737.93, while the Nasdaq Composite rose 492.8 points, or 2.18%, to 23057.001 at the opening bell. Source: Reuters.com