Asian shares mostly rise after Nvidia earnings beat expectations

World shares are mixed and US futures slip after Nvidia earnings beat expectations 1 of 5 | A person stands as a vehicle passes by in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Thursday, Feb. 26, 2026, in Tokyo. (AP Photo/Eugene Hoshiko) 2 of 5 | A person stands in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Thursday, Feb. 26, 2026, in Tokyo. (AP Photo/Eugene Hoshiko) 3 of 5 | People walk near an electronic stock board showing Japan’s Nikkei index at a securities firm Thursday, Feb. 26, 2026, in Tokyo. (AP Photo/Eugene Hoshiko) 4 of 5 | Chairman of the Financial Services Commission, Lee Eog-weon, second from left, Chairman & CEO of the Korea Exchange, Jeong Eun Bo, center, a and other officials celebrate as a screen shows the Korea Composite Stock Price Index (KOSPI) of over 6,000 points during a ceremony at the Korea Exchange in Seoul, South Korea, Wednesday, Feb. 25, 2026. (AP Photo/Lee Jin-man) 5 of 5 | A screen shows the Korea Composite Stock Price Index (KOSPI) of over 6,000 points during a ceremony at the Korea Exchange in Seoul, South Korea, Wednesday, Feb. 25, 2026. (AP Photo/Lee Jin-man) 1 of 5 A person stands as a vehicle passes by in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Thursday, Feb. 26, 2026, in Tokyo. (AP Photo/Eugene Hoshiko) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. 2 of 5 A person stands in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Thursday, Feb. 26, 2026, in Tokyo. (AP Photo/Eugene Hoshiko) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. 3 of 5 People walk near an electronic stock board showing Japan’s Nikkei index at a securities firm Thursday, Feb. 26, 2026, in Tokyo. (AP Photo/Eugene Hoshiko) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. 4 of 5 Chairman of the Financial Services Commission, Lee Eog-weon, second from left, Chairman & CEO of the Korea Exchange, Jeong Eun Bo, center, a and other officials celebrate as a screen shows the Korea Composite Stock Price Index (KOSPI) of over 6,000 points during a ceremony at the Korea Exchange in Seoul, South Korea, Wednesday, Feb. 25, 2026. (AP Photo/Lee Jin-man) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. 5 of 5 A screen shows the Korea Composite Stock Price Index (KOSPI) of over 6,000 points during a ceremony at the Korea Exchange in Seoul, South Korea, Wednesday, Feb. 25, 2026. (AP Photo/Lee Jin-man) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] HONG KONG (AP) — U.S. futures fell while global shares were mixed on Thursday after strong-than-expected earnings from chipmaker Nvidia helped ease some investor worries over the artificial intelligence boom.In early European trading, Britain’s FTSE 100 gained 0.2% to 10,824.90. France’s CAC 40 rose 0.4% to 8,593.83, while Germany’s DAX down 0.2% to 25,133.39.The future for the S&P 500 fell 0.1%, while that for the Dow Jones Industrial Average was down 0.2%.Asian shares mostly advanced. Tokyo’s Nikkei 225 crossed the 59,000 mark for the first time, although it later gave up some gains, rising 0.3% to 58,753.39. Shares of SoftBank Group, which has a focus on AI technology, rose 4%. Share prices also pushed higher after Japanese Prime Minister Sanae Takaichi appointed two economists viewed as favoring keeping interest rates low to the board of the central bank. The Bank of Japan has been gradually raising rates from near zero. South Korea’s Kospi surged 3.7% to 6,307.27, driven by gains for tech-related stocks. The index surpassed the 6,000 level for the first time on Wednesday. It has gained 46% since the beginning of this year after enduring a year of political upheavals that ended with former President Yoon Suk Yeol being sentenced to life in prison. Shares of Samsung Electronics, the country’s biggest listed company, jumped 7.1%. Chipmaker SK Hynix gained 8%. Hong Kong’s Hang Seng lost 1.4% to 26,381.02. The Shanghai Composite index barely budged, closing at 4,146.63.In Australia, the S&P/ASX 200 added 0.5% to 9,175.30.Taiwan’s Taiex was flat, while India’s Sensex traded 0.1% higher.Nvidia’s earnings influence global financial markets both because it is the world’s most valuable company and the biggest S&P 500 constituent and because it is benefiting from advances in AI-related technologies.Its latest quarterly revenue jumped 73% from a year earlier to $68 billion. The California-based company also gave a forecast of $78 billion for revenue in the current quarter, which exceeded analysts’ expectations. Its CEO, Jensen Huang, said demand for Nvidia chips is still “skyrocketing.” “AI is here, AI is not going to go back,” Huang said during a conference call.Nvidia rose 0.2% in afterhours trading following its earnings announcement, which came after markets closed on Wednesday.Its robust earnings helped alleviate some concerns over whether the AI craze is real and whether huge investments will pay off. But many investors remain cautious.Thomas Mathews, head of markets for Asia Pacific at Capital Economics, however argued in a research note on Thursday that “strong profit growth, as emphasized by recent earnings reports”, including Nvidia’s, is a key reason to think the S&P 500 will do well in 2026. He forecast the S&P 500 at 8,000 by the year’s end.On Wednesday, the S&P 500 rose 0.8% and the Dow industrials climbed 0.6%. The Nasdaq composite gained 1.3%.In other dealings early Thursday, U.S. benchmark crude oil shed 53 cents to $64.89 per barrel. Brent crude, the international standard, gave up 44 cents to $70.25 a barrel.Gold and silver prices fell on Thursday. The price of gold lost 0.5% and the price of silver fell 4.1%. The U.S. dollar fell to 156.09 Japanese yen from 156.39 yen. The euro fell to $1.1800 from $1.1812. Chan covers China business, economy and finance for The Associated Press, reporting on key sectors from technology to trade. He is based in Hong Kong.