FTSE 100 higher amid robust European trading, GSK shares rise
09:54 , Graeme Evans
Wall Street’s disappointment at the scale of Nvidia’s earnings beat failed to impact European trading today amid a robust session for the FTSE 100 index.
The AI semiconductor firm, led by Jensen Huang, more than doubled revenues to $30 billion but the outperformance was the smallest for six quarters.
Nvidia shares fell 7% in post-results dealings, although US markets later showed signs of steadying on relief that the wider AI growth story was still intact.
The FTSE 100 index rose 15.68 points to 8359.53, with Nvidia backer Scottish Mortgage Investment Trust up a penny at 818.2p.
Whitbread led the top flight, rising 3% or 91p to 2923p after analysts at Bernstein upgraded the Premier Inn owner to Outperform with a new target of 3300p.
GSK also lifted 12.5p to 1664p after Europe approved the group’s Arexvy respiratory…
