Investing.com-- Asian chipmaking stocks rose on Thursday, tracking an overnight rally in Nvidia after CEO Jensen Huang offered encouraging comments on artificial intelligence-driven demand.) rose 1.4% after Reuters reported the firm was considering a slew of global job cuts of up to 30% in some of its divisions.
But the stock was still trading up about 150% so far in 2024, having seen a stellar rally on hype over AI-fueled demand. Huang said that companies could not escape the need for higher processing power, flagging increased chip demand from higher computing and data center requirements.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Stocks Rise as Tech Shares Track Nvidia Rally, Japan's BOJ Signals Less Hawkish StanceAsian markets mostly advanced on Thursday, fueled by a surge in technology stocks that mirrored an overnight rally in Nvidia. Meanwhile, Japanese equities experienced a notable boost following a softer-than-expected producer inflation reading, which countered recent hawkish signals from the Bank of Japan.
Source: Investingcom - 🏆 450. / 53 Read more »
Asian benchmarks mostly decline as markets await Nvidia earningsAsian shares are trading mostly lower, despite a record high on Wall Street, as investors awaited a closely watched earnings report from Nvidia.
Source: wjxt4 - 🏆 246. / 63 Read more »
Asian benchmarks mostly decline as markets await Nvidia earningsAsian shares are trading mostly lower, despite a record high on Wall Street, as investors awaited a closely watched earnings report from Nvidia. Benchmarks fell in Tokyo, Sydney, Seoul, Hong Kong and Shanghai in Wednesday morning trading.
Source: AP - 🏆 728. / 51 Read more »
Asian benchmarks mostly decline as markets await Nvidia earningsAsian shares are trading mostly lower, despite a record high on Wall Street, as investors awaited a closely watched earnings report from Nvidia.
Source: ksatnews - 🏆 442. / 53 Read more »
Asian chip stocks fall after Nvidia sell-off on Wall Street overnightIn the U.S., chipmaker Nvidia plunged more than 9% in regular trading, leading semiconductor stocks lower amid a sell-off on Wall Street.
Source: nbcchicago - 🏆 545. / 51 Read more »
Asian chipmaking stocks sink tracking Nvidia lossesAsian chipmaking stocks sink tracking Nvidia losses
Source: Investingcom - 🏆 450. / 53 Read more »