Nvidia adds over $200 billion in market value in post-earnings rally

FILE PHOTO: A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo

(Reuters) - Shares of Nvidia surged over 9% on Thursday, building on a stunning rally as its bumper revenue forecast reinforced investor confidence in the AI-driven boom in chip demand.

The semiconductor bellwether's surge translated to an addition of around $218 billion in market value on the day, according to LSEG data, the second-largest single-day market cap gain in history on Wall Street.