Stocks bulls were on a supercharged stampede on Thursday as blockbuster earnings from world's most sought after company Nvidia set off a worldwide wave of record highs, including the first for Japan’s Nikkei since 1989. Europe then set its own fresh peaks, with the regional STOXX 600, Frankfurt and Paris all joining in thanks to 0.6% to 1.3% gains. London's FTSE was a notable laggard due to its lack of tech firepower but Chinese equities had extended their winning run to an eighth straight session overnight and Wall Street's S&P and Nasdaq were expected to rocket at the open following Nvidia's stellar results.
Stock Market Today: Dow Jones futures rose Thursday after initial jobless claims. Nvidia stock soared to record highs on strong earnings.
The growing fear that there is not enough semiconductor supply to meet the AI demand is adding new urgency to the effort to bring chip making back on US soil.