NVIDIA's Better-Than-Expected Earnings Report Drives Up AI Stocks in After-Hours Trading, with NBIS Up Over 6% and NVDA Up Over 4%

BlockBeats News, August 27th, according to BIT (bit.com) market data, after the U.S. stock market on Wednesday, NVIDIA announced that its new quarterly performance continued to exceed market expectations, and it is expected that the sales for the next fiscal year will increase by about 70%, driving up AI concept stocks after hours.

The storage sector showed collective strength, with SK Hynix (SKHY) up by 4.48%, SanDisk (SNDK) up by 3.71%, Micron Technology (MU) up by 3.67%, Seagate Technology (STX) up by 3.15%, and Western Digital (WDC) up by 3.11%.

The Neocloud sector saw a general rise, with Nebulus (NBIS) up by 6.27%, CoreWeave (CRWV) up by 4.76%, Applied Digital (APLD) up by 3.26%, IREN and Core Scientific (CORZ) both up by 3.16%.

Optical communication stocks rose across the board, with Applied Optoelectronics (AAOI) up by 4.25%, Marvell Technology (MRVL) up by 4.08%, Credo (CRDO) up by 3.78%, Coherent (COHR) up by 3.35%, Astera Labs (ALAB) up by 3.34%.

Semiconductor stocks showed synchronized strength, with Arm up by 4.18%, Marvell Technology and NVIDIA (NVDA) both up by 4.08%, Lam Research (LRCX) up by 2.65%, and KLA Corporation (KLAC) up by 2.42%.