Artificial Intelligence propels Nvidia and drives tech stocks higher

On Thursday, there was outright euphoria at the stock exchanges, led by Nvidia, a heavyweight in the chip industry, which exceeded analysts' expectations with its quarterly report and optimistic business outlook. The result was a new all-time high for the company's stock, which simultaneously exerted a pull effect on the entire tech sector. Encouraged by this development, the Dax experienced a substantial increase of 1.47 percent, setting another record at 17,370.45 points in its history. Even before the release of the quarterly report, Nvidia was under the scrutiny of investors who were skeptical about whether the company could meet the lofty expectations. After the price had already softened slightly in advance, Jürgen Molnar, market strategist at broker Robomarkets, noted that Nvidia now managed to accelerate the pace at the "stock exchange party" once again. The positive developments around Nvidia were also reflected in the performance of German technology stocks. SAP and Infineon in the Dax were among the significant gainers. The broader MDax of mid-sized companies also recorded a plus of 1.50 percent to 26,099.76 points. Here, Aixtron and Jenoptik stood out in particular, as suppliers to chip manufacturers, they also recorded above-average share price gains. The mood at the stock exchanges shows that confidence in the technology sector and its innovative strength continues unabated.