Nvidia gains $370bn as Nvidia gains $370bn

Nvidia, the world's most valuable listed company, is set to gain $370 billion in market value after its shares rose over 7 percent in pre-market trading following a strong earnings report. The gain exceeds the entire market cap of HSBC. The chipmaker's quarterly revenue more than doubled year-on-year to $96.2 billion, but future sales guidance and sustained high demand for its chips drove the after-hours share buying. The stock is set to open above $225, up from Wednesday's close of $209.66. CEO Jensen Huang addressed concerns about circular financing involving AI customers, with analysts noting robust demand and a $2 trillion backlog. However, some warn of bubble risks, despite Nvidia beating revenue forecasts for 16 consecutive quarters.