By Arjun Neil Alim
Publication Date: 2025-11-20 03:31:00
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Global technology stocks advanced on Thursday after Nvidia reported better than expected chip sales, reassuring investors on artificial intelligence demand amid growing concerns of a bubble.
US stock futures pointed to a rally when Wall Street opens. Contracts tracking the tech-heavy Nasdaq 100 were up 1.5 per cent, while those for the S&P 500 gained 1.1 per cent. Nvidia’s share price was up 4.9 per cent in pre-market trading.
Nvidia’s results — seen as a test of investor sentiment in the AI sector because its chips power large language models such as OpenAI’s ChatGPT — steadied the tech sector after a sell-off in recent weeks that came as investors grew wary of valuations and huge capital expenditure on chips and data centres.
“It’s fair to say that Nvidia’s results have completely changed the market mood and pushed out any bubble fears for another day,” Jim Reid, Deutsche Bank’s head of global macro research, wrote in a note on Thursday morning.
Asian and European markets also rose, with Japan’s Nikkei 225 index up 2.7 per cent, driven by technology groups tied to AI such as investor SoftBank and semiconductor equipment maker Advantest. South Korea’s Kospi 200 rose 2.1 per cent, led by Nvidia suppliers Samsung and SK Hynix.
The Stoxx Europe 600 was up 0.6 per cent in early afternoon trading, with a sub-index tracking tech stocks up 0.8 per…
