- Nvidia’s share price rose by more than 7 per cent in pre-market trading, potentially adding $370bn (£272.5bn) to the chipmaker's market value in a single day.
- The company's quarterly revenue more than doubled year-on-year to $96.2bn, exceeding revenue forecasts for the 16th consecutive quarter.
- The surge was largely driven by strong future sales guidance and CEO Jensen Huang reassuring investors over concerns regarding AI investment models.
- Nvidia highlighted approximately $2tn in backlogged demand, suggesting sustained appetite for its chips across the artificial intelligence sector.
- While analysts described the results as a boost for the tech sector, some market commentators cautioned that high valuations carry increased risk of future falls.
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