shares

Asian markets were trading higher early Thursday, led by chip and technology shares, after Nvidia’s record sales and strong guidance eased investor concerns about a bubble in the artificial intelligence sector.

Strategy buys bitcoin and sells shares of the company.

Nvidia climbed 3% before reporting earnings that beat analysts’ expectations, sending shares and index futures on another leg higher in after-hours trading.

Just a few months ago, investors viewed such deals with enthusiasm, pumping up shares for a variety of AI-related companies, but this week one such deal—between Nvidia, Microsoft and Anthropic—was greeted warily.

Plug Power shares drop following the announcement of a $375 million convertible notes offering.