China markets inch higher to clock nine straight days of gains as investors digest property price data
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This is CNBC's live blog covering Asia-Pacific markets.
(Reuters) -- The S&P 500 and Dow Jones Industrial Average both surged to record closing highs on Thursday, powered by investors piling into growth and technology stocks the day after artificial intelligence poster child Nvidia's bumper earnings and outlook.
TOKYO -- Chipmaking equipment manufacturer Tokyo Electron on Thursday became Japan's third-most valuable company in terms of market capitalization, besting such mainstays as Sony Group, thanks to the buzz surrounding Nvidia and artificial intelligence.
Stock futures were little changed on Thursday evening, after the S&P 500 and the Nasdaq Composite posted their best day since early 2023.
Nvidia shares jumped 15% on Thursday morning, a day after the chip giant posted bumper earnings that beat Wall Street estimates.
Artificial intelligence and semiconductor chip stocks rallied Thursday after U.S. chip design firm Nvidia beat Wall Street's expectations for fourth-quarter earnings and revenue on Wednesday and projected "continued growth" in 2025 and beyond.
Nvidia's Data Center business just logged $18.4 billion in fourth-quarter sales, underscoring how the computer chip giant continues to benefit from the current boom in artificial intelligence.
S&P 500 futures rose in overnight trading Wednesday, boosted by a jump in Nvidia shares as the chip giant posted record revenue and issued upbeat guidance.