Asian chip firms lifted by Nvidia forecast but broader markets struggle
- LONDON: Technology stocks rose on Thursday (Aug 27) after blockbuster earnings from chip behemoth Nvidia that eased worries about the AI investment boom, though the euphoria was tempered by US data showing stubbornly high inflation.
- European stocks were mostly lower, following a mixed session in Asia.
- In its highly anticipated report, Nvidia - the world's biggest company by market value - shattered analyst forecasts by unveiling revenues that more than doubled in the second quarter from the year earlier.
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- LONDON: Technology stocks rose on Thursday (Aug 27) after blockbuster earnings from chip behemoth Nvidia that eased worries about the AI investment boom, though the euphoria was tempered by US data showing stubbornly high inflation.
- European stocks were mostly lower, following a mixed session in Asia.
- In its highly anticipated report, Nvidia - the world's biggest company by market value - shattered analyst forecasts by unveiling revenues that more than doubled in the second quarter from the year earlier.
Sources: CNA