Shares of Nvidia surged in premarket trade after the company exceeded third-quarter expectations with a 62% increase in revenue to $57.01 billion. CEO Jensen Huang dismissed AI bubble concerns and addressed market worries, boosting investor sentiment. The positive results lifted stocks across the AI industry, including chipmakers like AMD and Broadcom. Asia chip stocks also rallied, led by Samsung Electronics and Foxconn.

Read more at CNBC: Nvidia shares rise after after stronger-than-expected 3Q results