• Nvidia shares surged by 15% on Thursday following the release of its robust earnings, surpassing Wall Street's expectations. The U.S. tech giant reported a remarkable revenue of $22.10 billion for its fiscal fourth quarter, marking a staggering 265% year-on-year increase. Net income also saw a remarkable surge of 769%, driven by the sustained momentum in artificial intelligence applications. The demand for Nvidia's chips, integral in training large AI models utilized by tech giants like Microsoft and Meta, remains robust, with no indication of deceleration.

• The company's optimistic outlook forecasts revenue in the current quarter to reach $24 billion, significantly exceeding market estimates. Nvidia CEO Jensen Huang expressed confidence in the company's growth prospects, attributing it to favorable conditions that are expected to persist into 2025 and beyond. The impressive performance of Nvidia's Data Center business, particularly driven by sales of its H100 graphics cards for AI training, recorded sales of $18.4 billion in the fourth quarter, reflecting a remarkable 409% year-on-year growth. This positive trajectory prompted a series of broker upgrades, with JPMorgan raising its price target on Nvidia's stock to $850, and Bank of America Global Research revising its target to $925.