2023-05-25 01:00:53
U.S. semiconductor maker Nvidia’s financial results show strong customer demand for semiconductors used in artificial intelligence (AI)-related calculations, and following-hours trading on the U.S. stock market on the 24th, AI technology-related Stocks soared.
An exchange-traded fund composed of semiconductor stocks (ETF) rose more than 3% in following-hours trading. Nvidia’s rival Advanced Micro Devices (AMD) rose 10%. American Depositary Receipts (ADRs) of Taiwan Semiconductor Manufacturing Corp. (TSMC), which manufactures Nvidia’s semiconductors, jumped 8 percent.
NVIDIA outperforms average analyst forecasts for second quarter salessurpassed.
Nvidia stock rose 29% in following-hours trading. If the rise continues even in regular trading on the 25th, it will set a new high since listing.
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news-rsf-original-reference paywall">Original title:Nvidia Ignites AI-Related Stock Rally After ‘Blow-Out’ Forecast(excerpt)
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