Nvidia’s Frankfurt shares surge as stellar results seen keeping AI rally alive

Frankfurt-listed shares of Nvidia jumped 8.7% on Thursday, lifting tech shares around the world, after the company forecast quarterly revenue that smashed expectations and announced a $25 billion buyback.

The results, reported late on Wednesday, were driven by an artificial intelligence (AI) boom-fueled demand for its chips, and will boost its position in the prized trillion-dollar market value club it entered earlier this year.