Asian semiconductor stocks rise after shares of AI chip darling Nvidia hit a record high
Publishing timestamp: 2024-10-15 03:44:56
Summary
Nvidia's share price gains lifted its market value to $3.4 trillion, surpassing Microsoft as the second most valuable company on Wall Street. Asian chip stocks rallied as bullish investor sentiment spilled over, with shares of Nvidia suppliers and other chip companies advancing. The surge in Nvidia shares is attributed to big tech companies purchasing Nvidia's GPUs for their advanced AI work, with Nvidia recouping earlier losses and its shares up almost 180% this year.
Sentiment: POSITIVE
Tickers: AAPL, NVDA, 6723.T-JP, 9984.T-JP, 8035.T-JP, 6857.T-JP, 2330-TW, 2317-TW, ARM, MSFT,
Keywords: taiwan semiconductor manufacturing co ltd, nvidia corp, softbank group corp, renesas electronics corp, arm holdings plc, tokyo electron ltd, breaking news: technology, apple inc, breaking news: asia, world markets, technology, microsoft corp, advantest corp, hon hai precision industry co ltd, business news,
Source: https://www.cnbc.com/2024/10/15/nvidia-record-high-lifts-asian-semiconductor-stocks-.html