News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 55%
  • Publisher: 72%

Breaking News: Asia News

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

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

Nvidia falls as Beijing discourages local companies from buying Nvidia chipsNvidia falls as Beijing discourages local companies from buying Nvidia chips - BBG
Source: Investingcom - 🏆 450. / 53 Read more »

Jim Cramer explains why the Magnificent Seven have lasting strength in the marketThe Magnificent Seven includes Amazon, Alphabet, Apple, Microsoft, Nvidia, Meta and Tesla.
Source: NBCLA - 🏆 319. / 59 Read more »