US stocks closed sharply higher on a triple-witching Friday, with the S&P 500 rising 0,9%, the Nasdaq 100 gaining 1.4%, and the Dow Jones adding more than 180 points, extending gains from the previous session as technology stocks outperformed. The AI-related trade showed signs of recovery, led by Oracle, whose shares jumped more than 7% after TikTok agreed to sell its US operations to a new joint venture involving Oracle and private-equity firm Silver Lake. Micron Technology advanced 7%, building on its 10% surge on Thursday. Also, Nvidia shares climbed more than 3% after Reuters...
Asian chip stocks opened higher on Thursday after Nvidia reported better-than-expected results and provided a highly optimistic outlook, reinforcing market confidence in the global AI-driven trading theme. Nvidia shares rose more than 4% in after-market trading after its third-quarter earnings and revenue beat expectations, along with a higher-than-expected fourth-quarter sales projection. CEO Jensen Huang called demand for Blackwell's next-generation chips "off the charts."In Japan, the Nikkei 225 index jumped as much as 3.7% early in the session, while the Topix index rose about 1.67%....
Japanese shares rose, rebounding from a four-day losing streak, as AI-related stocks climbed following an upbeat earnings forecast from US chip titan Nvidia Corp. The blue-chip Nikkei 225 gained as much as 3.7%, the most since Oct. 6, to 50343.25 while the broader Topix index rose as much as 2.3% to 3319.54 in early Tokyo trading. Tech names led the rise, with SoftBank Group Corp. jumping as much as 9.1% and chip gear makers Tokyo Electron Ltd. and Ibiden Co Ltd. advancing over 7%. The gains in Japan come after Nvidia's shares rose over 4% post-market following the company's...
US stocks finished higher on a volatile Wednesday session, reversing some of the sharp selling from the prior four sessions as markets digested a divisive Fed minutes release and awaited Nvidia's earnings after the close. The S&P 500 rose 0.4% and the Nasdaq 100 gained 0.6% while the Dow added 0.1%. Nvidia was up 2.9% as analysts expect solid, though moderating, revenue growth and will focus on its outlook for AI services and data centre compute capacity. Retail results were mixed with Target down 2.8% and Lowe's and TJX higher. The FOMC minutes showed disagreement among officials over...
European stocks inched higher on Wednesday to halt the selloff from the four prior sessions as markets continued to assess the outlook of the Fed's monetary policy and gauge fair values for the highly-speculative tech sector. The Eurozone's STOXX 50 rose 0.3% to 5,552 and the pan-European STOXX 600 inched above the flatline to 563. Investor sentiment, however, remained subdued as concerns over overvaluation in AI and tech stocks persisted, with Nvidia set to report quarterly results after the North American closing bell. Companies with exposure to AI were mixed ahead of the major event,...
US stocks attempted a rebound on Wednesday, with both the S&P 500 and the Nasdaq adding nearly 0.2% while the Dow Jones gained 45 points, halting the sharp selloff seen in the previous sessions. The communication services sector was the top performer while energy lagged amid a drop in oil prices. Nvidia rose 1.7% as investors await its earnings report after the closing bell, viewed as a key test for big tech. Lowe's jumped more than 4% after beating earnings expectations and TJX Companies was up 1% as its earnings and revenues topped estimates. On the other hand, Meta fell 1.4%...