Insights 
VT 
Key Points
- Nvidia (NVIDIA) shares rose 2.4% to $186.70 after projecting record fourth-quarter revenue.
- The upbeat results sparked a broad rally in Asian tech stocks, with TSMC, SK Hynix, and Samsung Electronics leading gains.
Nvidia’s results reassured traders that the AI boom remains resilient despite recent market scepticism. The chipmaker reported accelerating growth and forecasted fourth-quarter sales of $65 billion, surpassing analysts’ expectations of $61.66 billion.
The stronger guidance came as Nvidia continues to dominate the AI semiconductor market, benefiting from heavy investments in data centres and high-performance computing.
Its shares jumped 5% in after-hours trading before moderating gains, while futures tracking the Nasdaq 100 also edged higher.
Asian Tech Stocks Surge
The positive ripple spread across Asian markets on Thursday.
In Taiwan, TSMC gained 3.6%, while in South Korea, SK Hynix and Samsung Electronics advanced 4% and 4.5%, respectively. The KOSPI and TAIEX both jumped over 2%, and Japan’s Nikkei 225 reclaimed the 50,000 level, rising more than 3%.
AI-linked stocks led the charge in Tokyo, with Advantest soaring 9%, SoftBank Group adding 4%, and Tokyo Electron climbing 5%. The rally reflected renewed investor appetite for high-growth technology names tied to the AI supply chain.
Technical Analysis
Nvidia’s share price climbed 2.4% to $186.70, extending its recovery after recent consolidation. On the daily chart, the stock remains in a broad uptrend despite losing some momentum since peaking at $212.10 earlier this quarter.
The shorter-term moving averages (5- and 10-day) are flattening out, signalling indecision, but the broader 30-day average continues to slope upward, suggesting long-term bullish sentiment remains intact.
The MACD is still below the signal line, though the histogram shows signs of easing downward momentum, hinting that the recent correction may be stabilising.
Traders appear to be positioning ahead of Nvidia’s next earnings update, with optimism returning around strong AI-chip demand and robust data-centre growth.
Immediate resistance lies near $190, followed by $200 if buying pressure strengthens. On the downside, support is seen around $180, and a break below that could open the way toward $170. Overall, Nvidia’s trend remains constructive, though traders may remain cautious until the MACD confirms a bullish crossover.
Market Outlook
Nvidia’s earnings have revitalised global risk sentiment and may help sustain the tech-led rally into year-end. However, analysts caution that valuations remain stretched, and further gains will depend on continued earnings growth and stable macro conditions.
While AI remains the market’s defining theme, upcoming U.S. economic data and Fed policy signals will determine whether traders stay risk-on or take profits after this powerful rebound.
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