Global Stocks Rally as Nvidia Revives AI Optimism: Markets Wrap

Global stocks advanced after a robust revenue forecast from Nvidia Corp. helped dispel fears of a potential bubble in the artificial intelligence industry that had shaken markets for weeks.

Nvidia surged more than 4% in premarket trading, spurring gains in other AI shares including Advanced Micro Devices Inc. and Broadcom Inc. Futures on the Nasdaq 100 climbed 1.6%. The main benchmarks for European and Asian equities rose as well. Bitcoin traded near $92,000.

Strong results from the AI bellwether helped restore a sense of calm after weeks of heavy selling in technology stocks. Wall Street had grown uneasy about stretched ...