Nvidia's Forecast Fuels Nasdaq Surge Amid Fed Inflation Fears

Nvidia's robust revenue forecast has sent shockwaves through the tech-heavy Nasdaq, propelling it to a 1.57% gain on Thursday.

The chip maker's prediction of 70% revenue growth next year exceeded investor expectations and bolstered the view that the tech rally still has room to run.

Lale Akoner, global market strategist at eToro, noted that Nvidia's results show 'the AI boom is not running out of demand,' but warned that delivering this growth is becoming increasingly capital-intensive.