New Delhi, Nov. 20 -- Major Asian markets, including Japan's Nikkei and Korea's Kospi, jumped up to 3 per cent on Thursday, as strong earnings by chipmaker Nvidia boosted sentiment.

Nvidia earnings beat market expectations and calmed concerns over AI (artificial intelligence) bubble and stretched valuations. The company reported a 62% increase in revenue to a record $57 billion for the three months ended October, driven by strong demand for chips. Additionally, the company raised its guidance for the current quarter to $65 billion, which undermines chatter about a potential bubble in the AI sector.

Strong momentum for AI-themed stocks has been the prime factor behind Wall Street's strong rally this year. Tech-heavy Nasdaq has surged 17 ...