"Nvidia's AI Dominance Sparks 2% Nasdaq Futures Surge"
Originally Published 1 year ago — by Yahoo Finance
Nasdaq 100 futures surged 2% following Nvidia Corp.'s strong sales forecast, driving gains in tech stocks globally. Nvidia's pre-market trading soared 14% after revealing a surge in demand for AI computing hardware, propelling the company to potentially surpass Alphabet Inc. in market value. The global market for generative AI is estimated to reach $1.3 trillion by 2032, boosting hardware, software, and internet companies. Other US chipmakers also rose, and the bullish mood in markets was further fueled by Japan's Nikkei 225 hitting a record high and the Stoxx Europe 600 index surpassing its January 2022 closing peak.
