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Tech shares climb after strong Nvidia results despite warning over rise of Chinese rivals

  • Technology shares climbed on Thursday following strong results from Nvidia, despite concerns over the rise of Chinese competitors.
  • Nvidia's financial report led to a 0.8% rise in the Stoxx Europe tech index and a 2% increase in Nasdaq futures.
  • Nvidia's CEO, Jensen Huang, warned about the advancements of Chinese rivals benefitting from the void created by US trade restrictions.
  • Tech investors were optimistic after a US trade court ruling against sweeping tariffs, while shares in Tesla rose following Elon Musk confirming his departure from the Trump administration.

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