Asian chipmaking heavyweights extended Wall Street's rally as Nvidia CEO Jensen Huang made bullish comments about the AI darling's outlook.
Nvidia dominates the AI chip market, but Huang said Wednesday that the rise of artificial intelligence is broader than just semiconductors.
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Asian chip stocks fall after Nvidia sell-off on Wall Street overnightIn the U.S., chipmaker Nvidia plunged more than 9% in regular trading, leading semiconductor stocks lower amid a sell-off on Wall Street.
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Asian Stocks Rise as Tech Shares Track Nvidia Rally, Japan's BOJ Signals Less Hawkish StanceAsian markets mostly advanced on Thursday, fueled by a surge in technology stocks that mirrored an overnight rally in Nvidia. Meanwhile, Japanese equities experienced a notable boost following a softer-than-expected producer inflation reading, which countered recent hawkish signals from the Bank of Japan.
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Asian chip stocks track Nvidia rally on AI hopesAsian chip stocks track Nvidia rally on AI hopes
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Asian benchmarks mostly decline as markets await Nvidia earningsAsian shares are trading mostly lower, despite a record high on Wall Street, as investors awaited a closely watched earnings report from Nvidia. Benchmarks fell in Tokyo, Sydney, Seoul, Hong Kong and Shanghai in Wednesday morning trading.
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