World shares surge boosted by Nvidia’s strong earnings

Manila: World shares surged on Thursday after Nvidia reported stronger-than-expected quarterly earnings, assuaging worries that AI-driven stock prices may have shot too high. The future for the S&P 500 was up 1.2 per cent, while that for the Dow Jones Industrial Average gained 0.5 per cent.

In early European trading, Germany’s DAX rose 0.8 per cent to 23,351.45, while Britain’s FTSE 100 added 0.6 per cent to 9,559.90. In Paris, the CAC 40 advanced 0.7 per cent to 8,011.92.

In Asia, Japan’s Nikkei 225 index initially surged as much as 4.2 per cent before giving up some early gains. It closed nearly 2.7 per cent higher at 49,823.94 as technology stocks rallied, with investor sentiment boosted by Nvidia’s report of $57 billion in quarterly revenue after trading closed in the US, significantly above expectations.

South Korea’s Kospi added 1.9 per cent to 4,004.85, with gains led by technology and energy stocks. Investors were encouraged by Nvidia’s earnings and reports that the US may delay planned semiconductor tariffs.