Tokyo: The Japanese Nikkei index experienced a surge on Thursday, marking the end of a four-day losing streak. The increase was largely driven by Nvidia's robust financial results, which helped alleviate investors' concerns regarding potential overvaluation within the artificial intelligence sector.

According to Qatar News Agency, the Nikkei index briefly surpassed the critical psychological threshold of 50,000 points but lost some steam later in the afternoon. It concluded the trading day with a rise of 2.7 percent, settling at 49,823.94. Meanwhile, the broader Topix index witnessed a gain of 1.7 percent.

Within the Nikkei, 186 stocks advanced, while 38 saw declines. The most significant contributors to the index's rise were major players in the AI and tech sectors, including Advantest and Tokyo Electron. Fujikura, a prominent supplier of cables and wires for data centers, saw a notable increase of 5.9 percent. Sompo Holdings experienced a significant rise of 10.5 percent. In contrast, Tokyo Electric Power was among the day's major decliners.