Australian shares rose on Thursday's close despite technology firm Nvidia's quarterly earnings failing to deliver market expectations.

The S&P/ASX 200 Index rose 0.3% or 27.5 points to close at 8,268.2.

Nvidia reported first-quarter sales of $43 billion, above the $42.3 billion estimate but below some forecasts of $48 billion, Bloomberg reported.

The company's lackluster results may leave US stocks without a near-term catalyst as the results fail to ease concerns over geopolitics, tariffs, and the evolving AI trade landscape, the report said.

On the domestic front, the Australian Bureau of Statistics said that Australia's seasonally adjusted private new capital expenditure fell 0.2% to AU$43.96 billion in the December 2024 quarter from AU$44.07 billion in the prior three-month period.

ANZ Research said that the decline in Australia's private capital expenditure in the fourth quarter of 2024 signals that businesses remain cautious despite stronger economic growth prospects this year.

In company news, Qantas Airways (ASX:QAN) said that its fiscal first-half earnings per diluted share excluding certain items rose to AU$0.592 from AU$0.515 per diluted share a year earlier. On a statutory basis, EPS was AU$0.599, up from AU$0.518 year on year. Shares rose 6% on market close.

Telix Pharmaceuticals (ASX:TLX) received notice that its Chief Executive Christian Behrenbruch sold 2 million shares in the company at AU$29.50 per share by way of a block trade. Shares slid 2% on close.

Coles' (ASX:COL) earnings per diluted share in the fiscal first half fell to AU$0.43, from AU$0.44 per diluted share a year earlier despite revenue rising 4% to AU$23.04 billion, from AU$22.22 billion a year ago. Its shares rose 4% on close.