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Nvidia Shares Soar After Stellar Earnings—Along With Chip Stocks

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Robert Hart is a senior reporter for Forbes covering science, technology and health with a frequent focus on artificial intelligence, space, weight loss drugs and emerging technologies. He joined Forbes in 2020 and is based in London. Rob has covered everything from the billionaire space race, the health impacts of overturning Roe v.

Chip stocks climbed in out-of-hours trading on Wednesday and Thursday after chipmaker Nvidia smashed Wall Street’s expectations with its latest earnings report, continuing a period of extraordinary growth as booming interest in artificial intelligence propels the tech sector to new heights.Shares for chipmaking giants Nvidia climbed nearly 8% during after-hours trading on Wednesday, peaking above $1,000 per share for the first time.

Nvidia shares are currently trading at around $1,013, putting the chipmaker on track to surpass the $1,000 milestone and hit an all-time high when markets open on Thursday. This includes shares for Taiwan Semiconductor Manufacturing Company, Arm Holdings, Dell Technologies and Super Micro Computer Inc., which were all up between 3% and 6% during pre-market trading.

 

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