Tech shares climb after strong Nvidia results despite warning over rise of Chinese rivals

Stoxx Europe tech index up by 0.8% and Nasdaq rose 2% after quarterly revenues at Nvidia jumped 69% to $44bnTechnology shares climbed on Thursday, buoyed up by strong results from Nvidia, despite the AI chip company’s boss warning over the rise of Chinese rivals.The Stoxx Europe tech index rose by 0.8% on Thursday as a result of Nvidia’s financial report, with the Dutch semiconductor equipment maker ASML rallying by 2.4%. In the US, futures for the tech-focused Nasdaq climbed 2%, while shares in Nvidia itself jumped 6% in pre-market trading. Continue reading...

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