Economic Rules Hub
  • World
  • Politics
  • Business
  • Investing
Home Business Nvidia results spark global chip rally
Business

Nvidia results spark global chip rally

by admin May 30, 2025
May 30, 2025

Nvidia shares jumped on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.

Shares of Nvidia were 6% higher after the company posted better-than-expected earnings and revenue on Wednesday, even as it took a hit from U.S. semiconductor export restrictions to China.

Nvidia has been seen by investors as a bellwether for the broader semiconductor industry and artificial intelligence-related stocks, with its latest strong numbers sparking a rally among global semiconductor names.

Nvidia’s earnings helped boost other chip names, with Taiwan Semiconductor, AMD and Qualcomm all up about 1%.

In Japan, Tokyo Electron closed more than 4% higher, while SK Hynix, which is a supplier of high bandwidth memory to Nvidia, was nearly 2% up at the close of markets in South Korea.

In Europe, ASM International, BE Semiconductor Industries and ASML were all in positive territory.

The semiconductor industry has faced a number of headwinds from uncertainty around tariff policy in the U.S. and chip export restrictions to China.

Companies such as ASML, which makes machines that are critical for manufacturing the most advanced chips, have seen billions wiped off their value as a result.

Nvidia on Wednesday said it wrote off $4.5 billion of H20 chip inventory that it couldn’t ship to China because of export curbs, saying it also calculated $2.5 billion of lost revenue as well.

The restrictions on China do not seem to be going away.

The U.S. has ordered a number of companies, including those producing chemicals and design software for semiconductors, to stop shipping goods to China without a license, according to a Reuters report on Thursday.

Despite this, Nvidia still managed to post financial results for the April quarter that beat market expectations, allaying fears that demand for its graphics processing units, which have become key for training huge AI models, is dwindling.

This post appeared first on NBC NEWS

0
FacebookTwitterPinterestEmail
previous post
Hundreds of starving Palestinians storm Gaza food warehouse in deadly incident, says UN agency
next post
E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

Related Posts

Small-business AI use is lagging, but one firm is channeling...

June 26, 2025

Nvidia CEO Huang sells $15 million worth of stock, first...

June 26, 2025

How Fanatics is teaching business acumen to pro athletes

June 25, 2025

Apple sued by shareholders who allege it overstated AI progress

June 24, 2025

Walmart to pay $10 million to settle lawsuit over money...

June 24, 2025

Tesla agrees to first deal to build China’s largest grid-scale...

June 21, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Police fire teargas and water cannon at protesters in Kenya as thousands take to the streets

      June 26, 2025
    • Vacation selfies of a British woman ‘dripping in diamonds’ lead to her arrest for jewelry theft, police say

      June 26, 2025
    • Drug kingpin ‘Fito,’ Ecuador’s most wanted man, has been captured, says Ecuador’s president

      June 26, 2025
    • Vietnam to remove death penalty for embezzlement, sparing tycoon’s life

      June 26, 2025
    • Why Trump’s strikes on Iran will leave North Korea more determined than ever to keep its nukes

      June 26, 2025

    Categories

    • Business (1,421)
    • Investing (3,528)
    • Politics (4,730)
    • World (4,612)
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Disclaimer: EconomicRulesHub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EconomicRulesHub.com | All Rights Reserved

    Economic Rules Hub
    • World
    • Politics
    • Business
    • Investing