Frankfurt-listed shares of Nvidia jumped 8.7% on Thursday, lifting tech shares around the world, after the company forecast quarterly revenue that smashed expectations and announced a $25 billion buyback.
late on Wednesday, were driven by an artificial intelligence boom-fueled demand for its chips, and will boost its position in the prized trillion-dollar market value club it entered earlier this year.
Its shares have tripled in value this year, adding more than $700 billion to its market valuation and making it the first trillion-dollar chip firm. The results are also seen keeping a Wall Street rally alive, with futures tracking the tech-heavy Nasdaq 100 jumping more than 1%, while S&P 500 futures rose 0.7%.
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