Nvidia rally overnight lifts chip-related stocks in Asia on AI optimism
Publishing timestamp: 2024-06-19 05:41:59
Summary
Asia's chip-related stocks in the semiconductor value chain rose after Nvidia became the world's most valuable company, boosting investor sentiment in tech stocks across the region. Nvidia's market cap surpassed Microsoft's, with shares up nearly 174% this year. Companies like TSMC, Foxconn, Advantest, Softbank, SK Hynix, and Samsung also saw gains as they are part of Nvidia's value chain. Nvidia is exploring using HBM chips from Samsung and Micron Electronics, despite previous reports of issues with Samsung's chips.
Sentiment: POSITIVE
Tickers: 2330-TW, ARM, 6857.T-JP, MSFT, 9984.T-JP, 2317-TW, AAPL,
Keywords: arm holdings plc, hon hai precision industry co ltd, softbank group corp, technology, advantest corp, business news, breaking news: technology, taiwan semiconductor manufacturing co ltd,