Global tech stocks climb as Nvidia results spark relief rally soothing AI bubble concerns

Tamara Ceaikovski

Global tech stocks rallied Thursday as investors piled back into AI-related names, buoyed by Nvidia earnings. Nvidia topped forecasts for revenue, which jumped 62% to $57.01 billion year-on-year, and issued stronger-than-expected fourth-quarter sales guidance, giving investors the confidence they were looking for to continue placing bets on the AI industry. Shares were 5% higher in premarket trade. In Europe, Dutch semiconductor firms BESI and ASMI moved up over 3% and 2% in the first hours of