"The king of AI" seals the deal! NVIDIA Corporation (NVDA.US) "perfect answer" lifts Nasdaq futures up 1.5%, followed by gains in Asian stocks.

After the market closed on Wednesday, stocks of companies in the field of artificial intelligence generally rose. The quarterly performance announced by NVIDIA Corporation (NVDA.US) effectively eased market concerns about the sustainability of the artificial intelligence industry. The company, which holds a core position in artificial intelligence chips, released revenue guidance that exceeded expectations, highlighting strong and continuous demand for its products. Investors were previously concerned about the high investment required for semiconductors and artificial intelligence devices, but this performance dispelled some of those worries. XTB Research Director Catherine Bruker Corporation evaluated in a client report, "This is a near-perfect earnings report and outlook, indicating that the market demand for NVIDIA Corporation products will continue to grow and may exceed expectations." NVIDIA Corporation's stock price rose by 6.4% after hours, making it the world's largest enterprise with a market value of $4.5 trillion. The stock price has accumulated a nearly 40% increase so far this year. Boosted by this, exchange-traded funds tracking the Nasdaq 100 index rose by 1% after hours, and chip industry funds increased by 2.9%. In terms of specific stocks, Broadcom Inc. (AVGO.US) rose by 2.4%, AMD (AMD.US) by 3.5%, Micron Technology, Inc. (MU.US) by 3.4%, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR by 3.2%, CoreWeave (CRWV.US) and NEBIUS (NBIS.US), previously weak due to artificial intelligence-related concerns, rose by 7.7% and 6.9% respectively, and technology stocks such as Oracle Corporation (ORCL.US), Palantir (PLTR.US), Alphabet Inc. Class C (GOOGL.US), and Amazon.com, Inc. (AMZN.US) showed increases ranging from 1% to 3.6%. Vital Knowledge analysis pointed out that the report "should dispel doubter's doubts and pave the way for a year-end stock market rally"; Hargreaves Lansdown believes that NVIDIA Corporation's valuation has been validated, "although there is a need for a valuation correction in the artificial intelligence field, NVIDIA Corporation does not fall into this category". It is worth noting that NVIDIA Corporation's strong financial report not only pushed US technology stocks to continue rising after hours, but also led to an early morning rise in Asian stock markets. S&P 500 futures rose by over 1%, Nasdaq 100 futures by 1.55%, and the $390 billion Nasdaq 100 index ETF also rose by 1% after hours. Alphabet Inc. Class C, Meta, and Amazon.com, Inc. all saw increases in their stock prices after hours. Previously, technology stocks had been under pressure for several weeks as investors sold due to overvaluation and diminished expectations of a rate cut by the Federal Reserve, causing market sentiment to weaken. NVIDIA Corporation's positive performance at this time boosted the fragile market confidence, as Nationwide's Mark Hackett had previously stated, "Over the past three years, strategies of shorting a bull market and buying on dips have not been effective."