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Asian semiconductor stocks rise after shares of AI chip darling Nvidia hit a record high

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NVIDIA Corp,Apple Inc,Microsoft Corp

Nvidia's gains in share price lifted its market value to top $3.4 trillion, unseating Microsoft as the second most valuable company on Wall Street.

Nvidia's gains in share price on Monday lifted its market value to $3.4 trillion, unseating Microsoft as the second most valuable company on Wall Street, and just below Apple's valuation of about $3.55 trillion.

Stocks tied to Nvidia suppliers and semiconductor related companies rallied in Asia as the bullish investors sentiment spilled over.Stocks tied to Nvidia suppliers as well as other chip companies advanced as the bullish investor sentiment spilled over. Shares of South Korean chipmaker SK Hynix, which manufacturers high bandwidth memory chips for AI applications, for Nvidia surged 2.5%.The surge in Nvidia shares Monday came as Wall Street heads into the earnings season.

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