Nvidia Shares Soar After Stellar Earnings—Along With Chip Stocks

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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