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Investing.com-- Asian semiconductor stocks gained on Thursday following Nvidia’s rise to a record high overnight, underlining growing confidence in AI-driven growth in the global chip sector.
NVIDIA Corporation (NASDAQ:NVDA) shares jumped over 4% on Wednesday, reaching a new peak of $154.31, reigniting investor enthusiasm around AI infrastructure investment. The move came after an exceptionally bullish note from Loop Capital.
Taiwan Semiconductor Manufacturing Co (TSMC) (TW:2330) shares climbed nearly 3% as of 05:40 GMT, benefiting from its role as a key chipmaker for Nvidia.
China’s Semiconductor Manufacturing International Corp (SMIC) (HK:0981) shares also led regional gains, rising over 3.5% in Hong Kong trading.
South Korea also saw gains, with SK Hynix Inc (KS:000660) trading 2.5% higher amid a robust demand outlook for high-bandwidth memory (HBM) chips.
In Japan, Advantest Corp. (TYO:6857) rallied more than 5%, Tokyo Electron (TYO:8035) jumped nearly 4%. SoftBank Group Corp. (TYO:9984) surged 5% due to its investments in chip-driven tech initiatives.