Aside from Nvidia, shares of rival chipmakers AMD, Intel and Qualcomm were also up in early trading.
Topline
Shares of major chipmaking and AI companies surged in premarket trading Thursday after Nvidia’s quarterly earnings report surpassed Wall Street expectations on Wednesday evening.Key Facts
Shares of Nvidia, which reported a third-straight quarter of record profits and sales in its Q4 2023 earnings, surged to $772.65 in premarket trading—up more than 14% from Wednesday.
Shares of AMD, Nvidia’s rival, more than 6.2% in early trading while the shares of ARM—whose chip architecture powers Apple’s silicon, Nvidia’s Grace CPU and nearly all smartphones—were up nearly 9%.
