Nvidia jumps nearly 9% as US stocks close higher, TSMC ADR up over 2%
Nvidia's blowout results lifted the whole market, good news for tech investors and anyone betting the AI boom still has room to run.
- Nvidia surged almost 9% after sales more than doubled and its revenue forecast beat expectations by a wide margin.
- All four major US indices closed higher, with the tech-heavy Nasdaq leading and chip stocks jumping.
- Taiwan Semiconductor's US-listed shares rose over 2%, and Broadcom, Intel and SK Hynix climbed alongside them.
- Micron and AMD slipped slightly, so the chip rally was not universal.
- Salesforce soared 22% on strong results and a bigger Anthropic partnership, while CrowdStrike jumped 20% after raising its outlook — easing fears that AI would wreck traditional software companies.
Outlook: Nvidia's far-above-consensus growth forecast keeps AI demand at the center of the market, so chip and software stocks likely stay in favor near term.