Nvidia's market capitalisation crossed one trillion dollars after quarterly guidance far above analyst expectations, driven by orders for the graphics processors used to train and run large AI models.
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The company's data centre revenue overtook its long-established gaming business, and lead times for its most advanced accelerators stretched to many months. Cloud providers announced capital spending plans of a scale previously seen only in telecommunications build-outs.
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The rally lifted semiconductor manufacturers and equipment suppliers in Taiwan, South Korea, Japan and the Netherlands, and concentrated a large share of global index returns in a handful of names.
