Nvidia's strong earnings report may boost Asian stock markets at the open
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Glonghui, February 26|Asian stocks are expected to rise on Thursday, mainly boosted by the strong performance of U.S. stocks. After the U.S. market closed, bullish sentiment further intensified as Nvidia released an optimistic earnings outlook. The positive forecast from this artificial intelligence bellwether may inject more momentum into AI trading, alleviating concerns that surging valuations have become disconnected from fundamentals. By signaling that the large-scale construction of AI computing remains on track, this forecast is expected to support profit expectations across the entire semiconductor supply chain and provide new impetus for Asian chip manufacturers. Nvidia's results may bring a sense of calm to the market. In recent weeks, the market has been trying to digest the long-term impact of AI on global business and the economy, a dynamic that has already impacted the software industry.
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