TOKYO, Nov 20 (Reuters) - Japan's Nikkei share average
jumped back above the key 50,000 mark on Thursday, led higher by
technology stocks after strong results from Nvidia ( NVDA )
eased valuation concerns over the artificial-intelligence
sector.
The Nikkei 225 Index jumped 3.7% to 50,328.33 in
early trading, set to snap a four-session loss, if the current
momentum persists. The broader Topix was up 2.2%.
After the bell in New York, AI darling Nvidia ( NVDA ) forecast
quarterly revenue well above analysts' estimates.
Global markets have looked to the chip designer to determine
whether investing billions of dollars in AI infrastructure
expansion has resulted in an AI bubble.
There were 212 advancers in the Nikkei index against 12
decliners. Chip-testing equipment maker Advantest ( ADTTF )
jumped 8.7%. Major AI industry investor SoftBank Group
rallied 6.4%.