Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.

A relief rally swept across Asian markets and lifted stocks in early trading on Thursday as investors cheered Nvidia's market-topping earnings, while the dollar ticked up as traders braced for the release of delayed jobs data.

Shares of Nvidia (NASDAQ: NVDA) are up 4.5% in Wednesday's after-hours trading as of 5:57 p.m. ET, following the artificial intelligence (AI) tech leader's release of its report for its third quarter of fiscal 2026 (ended Oct. 26, 2025).

Nvidia reported fiscal third-quarter earnings after Wednesday's closing bell. Investors will be looking to see if the company can stabilize the AI trade in the face of mounting concerns about rampant spending.

Asian shares have surged after Nvidia reported stronger than expected quarterly earnings, soothing worries that AI-driven stock prices may have shot too high.

Stock futures are climbing after Nvidia posted a better-than-expected earnings report, which many investors said could help indexes rebound from the recent bruising selloff. Futures tied to the Nasdaq-100 led gains.

A relief rally swept across Asian markets and lifted stocks in early trading on Thursday as investors cheered Nvidia's market-topping earnings, while the dollar rose as traders braced for the release of delayed jobs data.

Investors have lately been a bit sour on tech stocks, but not today: The tech-focused Nasdaq is in the green, and shares of Nvidia are gaining ahead of the highly anticipated release of the chip giant's earnings report.

Stocks pared earlier gains and turned mostly lower Wednesday as investors awaited third-quarter earnings from chip maker Nvidia.These stocks were making moves:Nvidia rose 2.1% ahead of its earnings report scheduled for after the closing bell.