Nvidia rally overnight lifts chip-related stocks in Asia on AI optimism

Asia's chip-related stocks that play a role in the semiconductor value chain rose after Nvidia's rallied overnight.

Nvidia climbed 3.6% on Tuesday, lifting the company's market cap to $3.34 trillion, surpassing Microsoft, which is now valued at $3.32 trillion. Asia's semiconductor and associated stocks rose on Wednesday after chipmaker Nvidia became the world's most valuable company, riding the AI boom.Taiwan Semiconductor Manufacturing Corp

TSMC manufactures Nvidia's high-performance graphics processing units that help power large language models — machine learning programs that can recognize and generate texts.Nvidia's value chain also extends to South Korea, namely, memory chip maker SK Hynix and conglomerate Samsung Electronics., which are used in AI chipsets. Until March, the company was the sole known supplier of HBM chips to Nvidia, Reuters reported.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia rally overnight lifts chip-related stocks in Asia on AI optimismAsia tech stocks in Japan, South Korea and Taiwan climbed on the back of Nvidia becoming the world's most valuable company
Source: CNBC - 🏆 12. / 72 Read more »

Asia stocks edge up on Nvidia hopes, NZ dollar jumpsAsia stocks edge up on Nvidia hopes, NZ dollar jumps
Source: Investingcom - 🏆 450. / 53 Read more »

Ether, Bitcoin Open Asia Trading Week Flat as ETH ETF Decision, Nvidia Earnings LoomThe market has priced in a rejection for the first set of Ethereum ETFs, but there are reasons to be optimistic about an approval next year, says one fund manager.
Source: CoinDesk - 🏆 291. / 63 Read more »

Stock market today: Asia shares rise amid Bank of Japan focus after the Fed stands patAsian shares are mostly higher as investors turn their attention to what the Bank of Japan might decide on monetary policy later this week. Shares fell slightly Thursday in Tokyo and Shanghai, but rose in the rest of Asia. U.S.
Source: AP - 🏆 728. / 51 Read more »