Nvidia shares rose sharply in premarket trading Thursday, last up about 5.95%, according to CNBC, after the chip giant's revenue guidance reassured investors that AI demand will remain strong.
The move followed comments from Nvidia executives on a call the night before, in which the company signaled continued sales growth ahead. Investors treated that guidance as a strong signal, pushing the stock up before the opening bell.
The rally underscores how much weight markets are willing to put on forward guidance from a company at the center of the AI buildout. Nvidia's results and outlook have become a bellwether for chip demand tied to artificial intelligence, and Thursday's premarket move reflected that reputation.
We are holding back other elements of today's planned coverage, including items on Salesforce's latest earnings and broader market moves, because we could not fully verify the sourcing behind those figures before deadline. We would rather publish less than publish numbers we cannot stand behind.
We will follow up with a fuller edition once those figures are confirmed.