(CercleFinance.com) – European stock markets gained ground on Thursday (+0.4% in London, Frankfurt and Paris), with investors sharing the enthusiasm aroused by Nvidia’s exceptionally strong second quarter results.
Particularly awaited, the publication of the designer of graphics chips showed an adjusted EPS more than fivefold to 2.70 dollars and revenues doubled to more than 13.5 billion, thanks to the dynamism of its data center division.
‘A new computer era has begun. Companies around the world are moving from general-purpose computing to accelerated computing and generative AI,” said founder and CEO Jensen Huang.
In addition to a very clear overrun of expectations over the past quarter, Nvidia also surprised positively on its forecasts, with anticipated revenues of around 16 billion dollars for the current quarter.
This publication, accompanied by a massive share buyback program, reassures investors about the prospects opened up, for the economy as a whole, by the rapid development of artificial intelligence.
In European stock news, Rolls-Royce gains more than 1% in London with the help of a strong price target increase at UBS, while Air Liquide takes 2% in Paris thanks to an increase in recommendation to ‘buy’ at Berenberg.
On the macroeconomic front, the business climate in France darkened a little in August, given the INSEE indicator which lost one point to 99. The index thus fell just below its long-term average. period and returned to its lowest level since April 2021.
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