The Paris Bourse is set to open sharply higher on Thursday morning, boosted by Nvidia's better-than-expected results, which were accompanied by forecasts deemed particularly encouraging.

At 8:15 a.m., the 'future' contract on the CAC 40 index - March delivery - climbed 49.5 points to 7883 points, suggesting a gain of around 0.6% at the start of trading.

Nvidia's better-than-expected quarterly accounts reassured investors whose confidence had been dented last week by stronger-than-expected inflation figures.

The American processor manufacturer, which has a strong presence in AI, reassured investors by publishing quarterly results above expectations, but also by raising its outlook for the current quarter.

At a fundamental level, market conditions are excellent for continued growth in fiscal 2024/2025 and beyond", said Jensen Huang, co-founder and CEO of the group.

On Wall Street, the stock gained over 9% in after-hours trading, more than erasing, in theory, its losses of the last two trading days.

This was the most crucial moment for the technology sector and the market as a whole for several years", commented Dan Ives, analyst at Wedbush Securities.

"This is a game-changing release for tech stock buyers, fuelling optimism that the sector's bullish rally will continue", he added.

This favorable movement should benefit other semiconductor manufacturers, as well as the other 'Magnificent Seven', all of which are trending higher in pre-opening trading on this good news.

Nvidia's performance has, at least for the time being, mitigated the cautious tone of the Fed's 'minutes', which confirmed last night that the central bank wanted to give itself time before cutting rates, something the market had already taken on board.

Against this backdrop of enthusiasm, investors will be keeping a close eye this morning on the latest flash PMI figures for the eurozone, in the hope that they will reveal a few pleasant surprises.

The region's composite index has been in contraction since last summer, but signs of stabilization have recently appeared, pointing to a possible recovery in the months ahead.

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