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Tech stocks in Asia fall amid broad declines in the region after Nvidia results

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Losses were most pronounced in Nvidia's direct suppliers, such as TSMC and SK Hynix

Losses were most pronounced in companies which had direct links to the U.S. tech giant, such as South Korean chipmakers SK Hynix and Samsung Electronics, as well as Taiwan heavyweights TSMC and Foxconn.

Samsung Electronics' fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said.Tech and chip-related stocks in Asia fell on Thursday, after U.S. chip darling Nvidia reported its second-quarter results overnight, amid a broader decline in the region's key markets.

SK Hynix, which manufactures high bandwidth memory chips — used in AI applications— for Nvidia, saw shares slump as much as 6.74%.

 

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