Nvidia Surges After Earnings Beat, Ignites Global Chip Rally

​Nvidia shares jumped over 6% in premarket trading Thursday after the company posted strong earnings and revenue numbers, exceeding Wall Street expectations—even as it absorbed a major hit from U.S. export restrictions to China.

The company’s performance sparked a global rally in semiconductor stocks, with major names in Asia and Europe following suit. Tokyo Electron rose more than 4%, SK Hynix gained nearly 2%, and European firms like ASML, ASM International, and BE Semiconductor all traded higher. U.S. chip stocks also joined the surge, with Marvell and Qualcomm both climbing in early hours.

Despite headwinds, including $4.5 billion in written-off H20 chip inventory and an estimated $2.5 billion in lost revenue due to export curbs, Nvidia’s AI-driven demand held up. The results reassured investors that appetite for its high-powered GPUs—key to training massive AI models—remains strong.

Although broader semiconductor concerns persist, especially around U.S.–China trade policy, Nvidia’s results show that demand for AI infrastructure may continue to drive growth in the face of political and supply chain friction.

Bottom line: Nvidia delivered in a tough environment—and the entire chip sector rallied behind it. In the AI arms race, Nvidia remains the pace-setter.
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