International markets pop off on Nvidia-fueled monster rally
02/23/2024 00:28
International market indices, like Japan's Nikkei 225 (^N225) and Europe's STOXX 600 (^STOXX), are moving higher after Nvidia (NVDA) reported better-than-expected earnings results in its fourth-quarter report. The company's earnings have sent a ripple effect through both the US and global equity markets as many on Wall Street continue to buy into the AI hype. Yahoo Finance Anchors Rachelle Akuffo and Akiko Fujita break down the latest developments for international markets and what the Nvidia-fueled rally could mean for the AI boom moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Bloomberg
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Barrons.com
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Fourth-quarter revenue at Nvidia jumps 265% from a year earlier and data-center revenue surges more than 400%, while shares of Rivian and Lucid fall sharply after the electric-vehicle makers issue production guidance below analysts’ estimates.
The Wall Street Journal
Nvidia on Track to Set Record for Biggest Daily Market Cap Gain
**Nvidia** is on track for the largest one-day market capitalization gain for any company on record, topping the previous mark set by Meta Platforms. At recent prices, the chip giant was poised to add nearly $220 billion in market value, according to Dow Jones Market Data. **Meta**, Facebook's parent company, holds the current record, after a rising more than $204 billion on Feb. 2.