Technology shares advanced in Asia before Nvidia Corp.’s earnings as investors awaited the company’s take on chip demand to gauge the sustainability of a global stock rally since April.
The artificial intelligence theme remains a focus with Chinese AI linchpin Cambricon Technologies Corp. jumping as much as 8.2% to its highest ever after a record profit. Nikon Corp. shares jumped 21% as Ray-Ban maker EssilorLuxottica SA weighed boosting its stake.
A gauge of Asian tech shares rose as much as 0.7%. Equity-index futures for US and European stocks advanced ahead of Nvidia, which reports after the bell.
A gauge of the dollar rose 0.2%, recovering Tuesday’s loss from President Donald Trump’s push to oust Federal Reserve Governor Lisa Cook. Gold fell 0.6% while Treasuries steadied after long-dated bonds from the US to France and the UK retreated Tuesday.
Oil was flat after higher US tariffs on India kicked in. While Trump’s move captured much of the market’s attention, traders face key risks this week from Nvidia’s earnings and Friday’s inflation report.
Even with political headlines flaring, investors remain anchored to a bullish market script: a likely September interest-rate cut, resilient economic growth, and strong company earnings to keep equity sentiment afloat.
