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

Elon Musk’s Neuralink filed as ‘disadvantaged business’ before being valued at  billion
Technology

Elon Musk’s Neuralink filed as ‘disadvantaged business’ before being valued at $9 billion

Jonathan Raa | Nurphoto | Getty Images Elon Musk’s health tech company Neuralink labeled itself a “small disadvantaged business” in a federal filing with the U.S. Small Business Administration, shortly before a financing round valued the company at $9 billion. Neuralink is developing a brain-computer interface (BCI) system, with an initial aim to help people […]

Read More
Defense manufacturing startup Hadrian closes 0 million funding round led by Peter Thiel’s Founders Fund
Technology

Defense manufacturing startup Hadrian closes $260 million funding round led by Peter Thiel’s Founders Fund

Defense manufacturing startup Hadrian on Thursday announced the closing of $260 million Series C funding round led by Peter Thiel’s Founders Fund and Lux Capital. The machine parts company said it will use the funding to build a new 270,000 square foot factory in Mesa, Arizona, and expand its Torrance, California, location as it looks […]

Read More
Amazon cuts some jobs in cloud computing unit as layoffs continue
Technology

Amazon cuts some jobs in cloud computing unit as layoffs continue

Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Amazon is laying off some staffers in its cloud computing division, the company confirmed on Thursday. “After a thorough review of our organization, our priorities, and what […]

Read More