International market indices, like Japan's Nikkei 225 (^N225) and Europe's STOXX 600 (^STOXX), are moving higher after Nvidia (NVDA) reported better-than-expected earnings results in its fourth-quarter report. The company's earnings have sent a ripple effect through both the US and global equity markets as many on Wall Street continue to buy into the AI hype. Yahoo Finance Anchors Rachelle Akuffo and Akiko Fujita break down the latest developments for international markets and what the Nvidia-fueled rally could mean for the AI boom moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Banking results and AI have pushed the FTSE and European stock markets to fresh highs.
European stocks closed at an all-time high, spurred by a roster of earnings in Europe and the spillover from Nvidia's red-hot results in the U.S. The Stoxx Europe 600, which tracks major European equities, rose 0.8% to 495.10, a record that topped its previous peak in January 2022. + European tech stocks led the increase, with the Stoxx technology index up some 3%. + Anglo American shares rallied after the London-listed mining giant held its guidance unchanged and posted results in line with analysts' expectations.