Japan's benchmark Nikkei share average hit an all-time high on Thursday, breaking levels last seen in 1989 during the halcyon days of the bubble economy. The Nikkei rose to as high as 39,017.64 shortly after the midday break, as chip-related stocks jumped after U.S. chipmaker Nvidia's outlook beat market expectations. The 34 years it has taken to regain its footing is a record, too, for a major market and is a decade longer than Wall Street took to recoup losses from the 1929 crash and Great Depression.
Shares of Nvidia have skyrocketed over 200% over the last 12 months, and analysts expect the firm to report adjusted earnings per share (EPS) of $4.60 on revenue of $20.4bn.
Stocks, so far, are higher for the month of February. But it has been a wild ride, with earnings reports and inflation data causing a lot of volatility. Yahoo Finance's Jared Blikre take a closer look at some of the areas if the market that have been performing well despite the whipsaw market action. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.