Stocks tied to the artificial intelligence megatrend rose on Thursday after Nvidia provided a reassuring outlook for AI data center demand.

Nvidia reported a record $44.1 billion in overall revenue, compared to expectations of $43.3 billion. It also guided investors for $45 billion in fiscal second-quarter sales, even with an expected $8 billion in lost revenue from China sales due to export restrictions. Analysts had penciled in guidance for $45.9 billion.

Nvidia Corporation's Q1 beats estimates with strong growth in Data Center & Gaming. Click here to find out why NVDA stock is a Buy.

Anant Raj's shares were trading nearly 3% higher at Rs 531.65 apiece while the E2E Networks scrip on NSE was trading 3% higher at Rs 2,868.3

Nvidia's GPUs for the data-center market get most of the attention. But Melius Research analyst Ben Reitzes gave a shoutout to the company's underrated networking business. "Nvidia really sounded great about networking,

Move signals OpenAI’s break from Microsoft exclusivity as enterprise AI infrastructure costs surge to unprecedented levels.

Oracle will spend around $40 billion on Nvidia's higher-performance chips to power OpenAI's new U.S. data center, the Financial Times reported on Friday.

Nvidia results pleased investors and eased fears over China tariffs and separately a court ruled President Trump’s tariffs are illegal with the White House vowing to appeal and Elon Musk is officially done with DOGE.