By Rae Wee
Publication Date: 2025-11-20 03:11:00
Nov 20 (Reuters) – Global technology shares rallied on Thursday after Nvidia’s (NVDA.O), opens new tab blow-out quarterly results signaled that demand for artificial intelligence hardware remains strong even as concerns of the historic boom outpacing fundamentals linger.
The chip bellwether’s stellar results tempered some concerns over a potential AI bubble, although questions about the payoff from the massive spending boom remain.
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Nvidia shares were up more than 5% in early trading. If gains hold, the company will add about $243 billion to its market capitalization, which is more than the valuation of some of the major companies on the S&P 500 index, including PepsiCo (PEP.O), opens new tab, and Goldman Sachs (GS.N), opens new tab.
Bullish spirit lifted many tech stocks around the world, with shares of U.S. chipmakers Advanced Micro Devices (AMD.O), opens new tab and Intel (INTC.O), opens new tab rising about 4% and nearly 3%, respectively. Arm Holdings , Micron Technology (MU.O), opens new tab and Broadcom (AVGO.O), opens new tab were also up between 1.5% and 4%
The European tech index (.SX8P), opens new tab climbed nearly 1%, with ASML (ASML.AS), opens new tab gaining more than 2%.
U.S.-listed shares of Taiwan’s TSMC (2330.TW), opens new tab jumped nearly…