A Nvidia logo is seen on one of their products on display at their headquarters in Taipei, Taiwan May 31, 2023.
REUTERS/Ann Wang/File Photo Acquire Licensing RightsAug 24 (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.
That represents an over three-fold rise in shares from last close of $471.16.
The results are also seem keeping a Wall Street rally alive, with futures tracking the tech-heavy Nasdaq 100 jumping more than 1%, while S&P 500 futures rose 0.7%.
Elsewhere, shares of Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW), which supplies to Nvidia, rose 2.2%.
Persons:
Ann Wang, Elazar, Stacy A, Ipek Ozkardeskaya, Susan Mathew, Varun
Organizations:
REUTERS, Nvidia, Elazar Advisors, Rosenblatt Securities, Swissquote Bank, Big Tech, Taiwan Semiconductor Manufacturing, ASM International, BE Semiconductor, Aixtron, Thomson
Locations:
Taipei, Taiwan, Frankfurt, Bengaluru