More tech stocks are set to benefit from Nvidia's gain, analysts say
Analysts see positive effects for multiple other companies as a result of Nvidia's growth and blowout earnings.
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Analysts see positive effects for multiple other companies as a result of Nvidia's growth and blowout earnings.
Nvidia Corp. has ignited optimism among traders, propelling its shares up over 7% and quelling fears of a data-center spending slowdown.
These are the stocks posting the largest moves in midday trading.
Successful quarterly earnings at US chipmaker Nvidia have boosted technology shares on global markets
Nvidia's shares surged by 9% due to a strong revenue forecast, reinforcing investor confidence in the AI-driven chip demand boom. The tech giant also announced a 10-for-one stock split and increased its dividend by 150%, marking an impressive quarter and driving gains in the semiconductor sector.