Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields.Japan's Nikkei climbed 3.0 percent and South Korea added 3.4 percent, continuing its run of wild swings. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5 percent.
Not all tech firms benefited equally though.
Investors appeared to be taking profits on AMD even as its results beat forecasts. Shares in the chipmaker sank 9 percent after the bell.
AI and satellite group SpaceX shed 7.5 percent, undoing much of a rally in regular trading time, on worries capex spending was eating up all its cash flow.
This has been a recurring concern for all AI stocks given the vast cost of compute power, with borrowing costs for the sector continuing to rise.
