By Herbert Lash and Marc Jones
NEW YORK/LONDON (Reuters) -AI chipmaker Nvidia’s stunning results sparked a worldwide wave of record highs in equity markets on Thursday, including the first new peak for Japan’s Nikkei since 1989, while bond yields mostly rose as economic data kept immediate hopes of interest rate cuts at bay.
The benchmark S&P 500 index and Dow Jones Industrial Average on Wall Street, along with Europe’s pan-regional STOXX 600 index and MSCI’s all-country world index also hit record highs as Nvidia’s shares surged 16.4% and lifted artificial intelligence-related chip stocks around the globe.
National bourses in Frankfurt and Paris set fresh highs too, while Chinese stocks overnight extended their winning streak to eight straight sessions.
After the bell on Wednesday, Nvidia forecast a roughly three-fold jump in first-quarter revenue and beat expectations for fourth-quarter revenue on strong demand for its AI chips….
