Seoul stocks open sharply higher on robust earnings from Nvidia
The company said it expects its fiscal 2028 income to grow by 70 percent, also topping analyst expectations
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The company said it expects its fiscal 2028 income to grow by 70 percent, also topping analyst expectations. 27 (Yonhap) -- Seoul stocks opened sharply higher Thursday as Nvidia's market estimate-beating strong earnings helped ease woes over a slowdown in demand for semiconductors. Top-cap Samsung Electronics advanced 3.06 percent, while its industry rival SK hynix rose 4.15 percent.
Furthermore, Investors are also keeping an eye on the Bank of Korea's rate decision to be made later in the day. Nvidia's second-quarter earnings, revealed after the closing bell, eased fears of an artificial intelligence (AI) bubble, as the company's sales more than doubled from a year earlier, topping Wall Street expectations.
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The company said it expects its fiscal 2028 income to grow by 70 percent, also topping analyst expectations.
reliability low1/2 sources27 (Yonhap) -- Seoul stocks opened sharply higher Thursday as Nvidia's market estimate-beating strong earnings helped ease woes over a slowdown in demand for semiconductors.
reliability low1/2 sourcesTop-cap Samsung Electronics advanced 3.06 percent, while its industry rival SK hynix rose 4.15 percent.
reliability low1/2 sourcesInvestors are also keeping an eye on the Bank of Korea's rate decision to be made later in the day.
reliability low1/2 sourcesNvidia's second-quarter earnings, revealed after the closing bell, eased fears of an artificial intelligence (AI) bubble, as the company's sales more than doubled from a year earlier, topping Wall Street expectations.
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