Nvidia’s Frankfurt shares surge as stellar results seen keeping AI rally alive

(Reuters) – Frankfurt-listed shares of Nvidia jumped 8.7% on Thursday, lifting tech shares around the World, after the company forecast quarterly revenue that smashed expectations and announced a $25 billion buyback. The results, reported late on Wednesday, were driven by an artificial intelligence (AI) boom-fueled demand for its chips, and will boost its position in the prized trillion-dollar market value club it entered earlier this year. More than 20 brokerages raised their target price for Nvidia post the earnings update, according to Refinitiv data, with Elazar Advisors being the most bul…

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