Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Unfinished Business: The budget cuts Musk couldn’t complete...
‘American hero’ or ‘failure’: Elon Musk’s DOGE departure...
Donald Trump fires National Portrait Gallery director for...
Biden says he could ‘beat the hell out...
Elon Musk sports black eye at farewell presser...
Musk confident DOGE will save $1 trillion as...
Who will be Elon’s successor? The top names...
Trump tariff plan faces uncertain future as court...
Hunter Biden seen driving Toyota rental in South...
Juggernaut Files for Final Approval of Oversubscribed Financing
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

Nvidia results spark global chip rally

by admin May 30, 2025
May 30, 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
Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products
next post
E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

You may also like

AI-powered sports media company raises $13 million, led...

February 13, 2025

Household savings are thinning. Here’s how to put...

July 23, 2024

Boeing factory workers strike after overwhelmingly rejecting contract

September 15, 2024

Target stock falls 21% as big discounting effort...

November 21, 2024

Amazon sued by D.C. AG for allegedly excluding...

December 5, 2024

Credit card delinquency rates hit a nearly 12-year...

July 25, 2024

TD Bank pleads guilty in money laundering case,...

October 11, 2024

Lululemon shares drop 15% as CEO says inflation,...

March 29, 2025

How Nvidia doubled earnings, lost almost $300 billion...

September 6, 2024

Amazon hikes wages for contract delivery drivers as...

September 14, 2024

Recent Posts

  • Unfinished Business: The budget cuts Musk couldn’t complete and what’s next for DOGE
  • ‘American hero’ or ‘failure’: Elon Musk’s DOGE departure divides Capitol Hill
  • Donald Trump fires National Portrait Gallery director for being ‘strong supporter’ of DEI
  • Biden says he could ‘beat the hell out of’ authors of new book arguing his cognitive decline
  • Elon Musk sports black eye at farewell presser in Oval Office: ‘Horsing around with little X’

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


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

    Categories

    • Business (752)
    • Investing (2,218)
    • Politics (2,738)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.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 © 2024 Sightful Invest. All Rights Reserved.