AI-Related Stocks Climb as Nvidia Outlook Fuels Relief Rally

Nvidia Corp.’s earnings reassured investors on artificial intelligence demand, even as questions linger over the rebound’s durability, stretched valuations and the Federal Reserve’s policy path.

Relief was evident in global markets after the US tech giant gave a strong revenue forecast and pushed back on the view that the AI industry is in a bubble. Shares of Nvidia jumped 3.7%, making it the biggest points gainer on the S&P 500 Index. Earlier in the day, benchmarks in South Korea, Taiwan, and Japan rose as Nvidia suppliers led the charge.