Buying in AI-related stocks is expected to lead following NVIDIA's strong earnings. The company's shares rose in after-hours trading, and the move is expected to affect stocks in the Tokyo market.
NVIDIA released its results for the May-July quarter, prompting views that revenue had increased significantly from the same period a year earlier. Investors are focused on trends in AI-related stocks, and buying in semiconductor and AI-related stocks is expected in the Tokyo market.
In the US market, the PCE price index rose month on month, exceeding forecasts, while movements in long-term yields affected the direction of share prices. Although this brought the relative expensiveness of equities into focus, caution spread ahead of NVIDIA's earnings announcement.
In after-hours trading, NVIDIA's share price rose approximately 4%, while the Nikkei 225 CFD also posted gains, raising expectations for semiconductor and AI-related stocks to rise in the Tokyo market. Movements in the Japanese market may be influenced by developments in the US market.
On the same day, Salesforce, a major US provider of customer relationship management software, raised its full-year forecast. Views were also reported that this had eased concerns that AI would replace the role of software. There is speculation that this could also affect trends in software-related stocks.