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

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%.

United States United States Latest News, United States United States Headlines

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

Asia stocks fall as Nvidia rattles tech, but overall losses limitedAsia stocks fall as Nvidia rattles tech, but overall losses limited
Source: Investingcom - 🏆 450. / 53 Read more »

Asia-Pacific markets set for lower open as investors assess Nvidia results, monitor Asia tech stocksInvestors in Asia will look to stocks in the region that are related to or on Nvidia’s value chain, such as chipmakers and tech stocks.
Source: nbcchicago - 🏆 545. / 51 Read more »

Asia-Pacific tech stocks fall amid broad declines in the region after Nvidia resultsLosses were most pronounced in Nvidia’s direct suppliers, such as TSMC and SK Hynix
Source: NBCNewYork - 🏆 270. / 63 Read more »

This tech stock may hold the key to the market — and it's not NvidiaFrank Cappelleri breaks down the chart in Meta and shows why it could determine the market's fate.
Source: CNBC - 🏆 12. / 72 Read more »