Agency Of Income
  • World News
  • Stocks
  • Business
  • Politics

Agency Of Income

  • World News
  • Stocks
  • Business
  • Politics
Business

Nvidia results spark global chip rally

by admin June 2, 2025
June 2, 2025
Nvidia results spark global chip rally

Nvidia shares jumped on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.

Shares of Nvidia were 6% higher after the company posted better-than-expected earnings and revenue on Wednesday, even as it took a hit from U.S. semiconductor export restrictions to China.

Nvidia has been seen by investors as a bellwether for the broader semiconductor industry and artificial intelligence-related stocks, with its latest strong numbers sparking a rally among global semiconductor names.

Nvidia’s earnings helped boost other chip names, with Taiwan Semiconductor, AMD and Qualcomm all up about 1%.

In Japan, Tokyo Electron closed more than 4% higher, while SK Hynix, which is a supplier of high bandwidth memory to Nvidia, was nearly 2% up at the close of markets in South Korea.

In Europe, ASM International, BE Semiconductor Industries and ASML were all in positive territory.

The semiconductor industry has faced a number of headwinds from uncertainty around tariff policy in the U.S. and chip export restrictions to China.

Companies such as ASML, which makes machines that are critical for manufacturing the most advanced chips, have seen billions wiped off their value as a result.

Nvidia on Wednesday said it wrote off $4.5 billion of H20 chip inventory that it couldn’t ship to China because of export curbs, saying it also calculated $2.5 billion of lost revenue as well.

The restrictions on China do not seem to be going away.

The U.S. has ordered a number of companies, including those producing chemicals and design software for semiconductors, to stop shipping goods to China without a license, according to a Reuters report on Thursday.

Despite this, Nvidia still managed to post financial results for the April quarter that beat market expectations, allaying fears that demand for its graphics processing units, which have become key for training huge AI models, is dwindling.

This post appeared first on NBC NEWS

previous post
The Speaker’s Lobby: Thermonuclear Fracas
next post
E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

Related Posts

Trump accused Fed Governor Lisa Cook of mortgage...

August 28, 2025

Microsoft’s Satya Nadella says job cuts have been...

July 25, 2025

Walmart to pay $10 million to settle lawsuit...

June 23, 2025

Ontario cancels internet deal with Musk’s Starlink as...

July 31, 2025

Trump flexes power over big business as U.S....

August 25, 2025

Warren Buffett’s Berkshire Hathaway reveals new stake in...

August 16, 2025

Columbia Sportswear sues Columbia University, alleging trademark infringement

August 4, 2025

Microsoft says goodbye to the Windows blue screen...

June 30, 2025

A flagging U.S. industry looks for new life...

July 18, 2025

Alphabet beats earnings expectations, raises spending forecast

July 24, 2025

    Get free access to all of the retirement secrets and income strategies from our experts!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Legal group sues FDA over puberty blocker records, citing alleged Biden-era cover-up

    • Top Senate Republican ready to ‘roll over’ Democrats with rule change to confirm Trump nominees

    • CDC official who blasted Trump’s ‘weak science’ led politicized Biden-era monkeypox response

    • Epstein estate to hand over ‘birthday book’ to lawmakers, House Dem says

    • Dyan Cannon denied White House entry after lying about her age on passport documents

    • Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year

    Categories

    • Business (140)
    • Politics (20)
    • Stocks (112)
    • World News (432)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: AgencyOfIncome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 agencyofincome.com | All Rights Reserved