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NAIJ.COM (Nigeria News)

NAIJ.COM (Nigeria News)

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2026
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Stocks rally as bumber Nvidia report offsets Fed rate concern

NAIJ.COM (Nigeria News) 

Asian markets rallied Thursday after blowout earnings from chip powerhouse Nvidia cooled worries over an AI bubble and overshadowed a Federal Reserve report that dealt a blow to hopes for a December interest rate cut. "There's been a lot of talk about an AI bubble," he told an earnings call.

Nvidia reports 'off the charts' demand for AI chips

NAIJ.COM (Nigeria News) 

Nvidia shares climbed Wednesday after it beat quarterly earnings expectations on fierce demand for its sophisticated chips that power artificial intelligence. - China sales stalled - Nvidia reported profit of $31.9 billion on record-high quarterly revenue of $57 billion, sending shares up more than 5 percent.


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