Global Markets Surge on Nvidia Profits, AI Optimism

Global Markets Surge on Nvidia Profits, AI Optimism

VoM News Desk | February 23, 2024 | 11:26 AM IST | Breaking News | Follow on Google News

Global Markets Surge on Nvidia Profits, AI Optimism/Reuters

Global Markets Surge on Nvidia Profits, AI Optimism

Global stock markets experienced a rally as investors celebrated the robust profits of US chip giant Nvidia, considered a bellwether for artificial intelligence.

Nvidia’s shares surged by 16.4%, propelling its market value to almost $2 trillion, after reporting quarterly profits of $12.3 billion, driven by soaring demand for AI technology.

This optimism spread across Asia, Europe, and North America, with records falling in various regions.

The Nasdaq climbed three percent, and both the Dow and S&P 500 closed at fresh records. Japan’s Nikkei 225 also rose 2.2%, ending at an all-time high of 39,098.68 points.

Nvidia’s AI Success Sparks Global Market Rally

Global stock markets experienced a surge as investors celebrated the robust profits of US chip giant Nvidia, seen as a bellwether for artificial intelligence.

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Nvidia’s shares soared by 16.4%, pushing its market value to almost $2 trillion, after reporting quarterly profits of $12.3 billion, driven by strong demand for AI technology.

This positive sentiment resonated across Asia, Europe, and North America, with records breaking in various regions. The Nasdaq climbed three percent, and both the Dow and S&P 500 closed at fresh records. Japan’s Nikkei 225 also rose 2.2%, ending at an all-time high of 39,098.68 points.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.