Nvidia jumps 5% in premarket trading as results spark global chip rally

Nvidia jumps 5% in premarket trading as results spark global chip rally


Jensen Huang, co-founder and CEO of Nvidia, during the Computex conference in Taipei, Taiwan, on May 20, 2025.

Annabelle Chih | Bloomberg | Getty Images

Nvidia shares jumped in premarket trading on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.

Shares of Nvidia were 5.22% higher at 05:06 a.m. ET after the company posted better-than-expected earnings and revenue on Wednesday, even as it took a hit from U.S. semiconductor export restrictions to China.

Nvidia has been seen by investors as a bellwether for the broader semiconductor industry and artificial intelligence-related stocks, with its latest strong numbers sparking a rally among global semiconductor names.

In Japan, Tokyo Electron closed more than 4% higher, while SK Hynix, which is a supplier of high bandwidth memory to Nvidia, was nearly 2% up at the close of markets in South Korea.

In Europe, ASM International, BE Semiconductor Industries and ASML were all in positive territory.

This is a developing story. Please check back for more.



Source

OpenAI wraps .6 billion share sale at 0 billion valuation
Technology

OpenAI wraps $6.6 billion share sale at $500 billion valuation

Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI has finalized a secondary share sale totaling $6.6 billion, allowing current and former employees to sell stock at a record […]

Read More
Why current AI models won’t make scientific breakthroughs, according to a top tech exec
Technology

Why current AI models won’t make scientific breakthroughs, according to a top tech exec

Co-founder and Chief Science Officer at Hugging Face, Thomas Wolf, speaks at the opening ceremony of the Web Summit, in Lisbon, Portugal, November 11, 2024.  Pedro Nunes | Reuters Current artificial intelligence models from labs like OpenAI are unlikely to lead to major scientific breakthroughs, a tech co-founder said, pouring cold water on some of […]

Read More
NASA employees on Artemis missions with SpaceX, Blue Origin to work through shutdown
Technology

NASA employees on Artemis missions with SpaceX, Blue Origin to work through shutdown

U.S. President-elect Donald Trump greets Elon Musk as he arrives to attend a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas. Brandon Bell | Getty Images News | Getty Images NASA is requiring employees involved in Artemis missions with contractors SpaceX and […]

Read More
Powered by WordPress | WP Magazine by WP Mag Plus