Lifted Nvidia

• Technology stocks rose on Thursday, Aug 27, following blockbuster earnings from Nvidia that alleviated investor concerns regarding the sustainability of the AI investment boom. • While Asian chip firms saw gains, the positive momentum was tempered by new US economic data indicating stubbornly high inflation. • The market reaction was mixed globally, with European stocks mostly trending lower following a volatile session in Asian markets.

• Asian chip firms rallied on Thursday following strong earnings reports from Nvidia, which helped alleviate market concerns regarding the sustainability of the AI investment boom. • Nvidia's performance continues to serve as a primary bellwether for the industry, driven by massive hardware purchases from AI giants including Microsoft, Amazon, OpenAI, and xAI. • Despite the rally in tech stocks, broader market gains were tempered by new U.S. economic data indicating that inflation remains stubbornly high.

• Tech stocks rose on Thursday following blockbuster earnings from Nvidia, which helped alleviate investor concerns regarding the sustainability of the AI investment boom. • The market gains were partially offset by new US economic data indicating that inflation remains stubbornly high, tempering overall investor euphoria. • Broader global markets struggled, with European stocks mostly lower and Asian markets in Tokyo and Hong Kong both closing slightly down.