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Chip stocks in Asia rose Thursday, after artificial intelligence darling Nvidia’s shares hit a record close to reclaim the title of the world’s most valuable company.
Shares of South Korea’s SK Hynix, which supplies memory chips to Nvidia, gained 3.53%. TSMC, which manufactures Nvidia’s high-performance graphics processing units that help power large language models, saw a smaller rise of 0.47%.
Taiwan’s Hon Hai Precision Industry — also known as Foxconn — was 0.77% higher. It has a strategic partnership with Nvidia to build “AI factories,” that incorporate Nvidia’s chips in a whole range of applications, including electric vehicles and LLMs.
Several Japanese chip stocks also rose as Nvidia’s rise sparked wider optimism around the artificial intelligence sector.
