Global technology stocks advanced on Thursday after Nvidia reported better than expected chip sales, reassuring investors on the artificial intelligence boom amid growing concerns of a bubble.
Asian markets opened higher, with Japan’s Nikkei 225 index up 2.4 per cent, driven by technology groups tied to AI such as investor SoftBank and semiconductor equipment maker Advantest. South Korea’s Kospi rose 3.2 per cent, led by tech giants Samsung and SK Hynix.
US stock futures pointed to a rally when Wall Street opens. Contracts tracking the tech-heavy Nasdaq 100 were up 1.8 per cent, while those for the S&P 500 gained 1.2 per cent.
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