Stocks Soar as Nvidia’s Earnings Ease AI Fears and Jobs Data Awaited

A sharp relief rally swept across global equity markets Thursday, lifted by stronger-than-expected earnings from Nvidia Corporation and a growing sense of optimism ahead of the U.S. labour-market report. Investors reacted positively to the chip-maker’s robust performance, while hanging hopes remain that delayed U.S. jobs data may restore some clarity to monetary-policy expectations.

Nvidia’s CEO reported “off the charts” demand for its latest AI chips, and the company’s revenue forecast exceeded Wall Street estimates, quelling recent valuation fears in the tech sector. Markets in Asia led the rally, with Japan and Korea posting strong gains. Meanwhile, the U.S. dollar strengthened slightly, and Treasury yields ticked up as traders continued to scale back bets on a near-term Fed rate cut.

The combination of an earnings relief and improving sentiment helped spark a broad risk-on environment: commodities stabilized, global credit spreads tightened, and equity-flow reversals were seen in emerging markets.

What to watch next:

• The official U.S. jobs report (delayed) and how the numbers shape expectations for a December rate cut.

• Whether other major tech firms follow Nvidia’s strength, thereby validating the AI recovery narrative beyond a single company.

• Movement in Treasury yields and the U.S. dollar — rising yields may dampen risk assets again if policy optimism fades.