Global technology shares soared after Nvidia’s strong quarterly results, easing concerns of an AI bubble. Nvidia’s market cap could surpass major S&P 500 companies. Tech stocks rose worldwide, with U.S. chipmakers like AMD and Intel gaining. European tech index climbed, while Asian chip suppliers saw gains.

Investors were reassured by Nvidia CEO’s dismissal of bubble concerns, citing strong demand into 2026. J.P. Morgan analysts praised Nvidia’s results and execution. Some worry about external risks like customer capex and financing challenges. Nvidia’s valuation has surged over 1,190% in three years, making it a key player in the AI revolution.

Nvidia’s recent results showed its first acceleration in seven quarters, driven by robust data-center sales. Demand exceeds supply, with strong buying from hyperscalers and server makers. Nvidia’s stock is up 39% this year, with a forward P/E ratio lower than AMD and Intel. Revenue forecast is strong, with margins expected to remain in the mid-70% range until 2027.

Read more at Yahoo Finance: Global tech shares surge as Nvidia’s AI boom powers market rally