Stocks Rally as Nvidia’s Forecast Soothes AI Fears: Markets Wrap

Stocks rose and equity-index futures indicated further advances after robust earnings from Nvidia Corp. eased concerns about a bubble in the artificial intelligence industry.

Shares of Nvidia jumped over 5% in post-market trade after its revenue forecast beat estimates, helping lift other AI-related stocks. Contracts for the S&P 500 rose 1.2% and those for the Nasdaq 100 jumped 1.7%, as relief following Nvidia boosted risk assets after worries over AI froth roiled markets in the past week. Alphabet Inc. soared after a wave of glowing reviews for the newly released version of its Gemini AI model.

Asian shares also ...