The daily tech news roundup shows chip company shares across Asia jumping. It comes as Nvidia’s stock price hit a record high, making it the world’s most valuable company. Nvidia’s success is closely tied to the growing demand for artificial intelligence (AI) technologies, and it is now helping chipmakers in countries like South Korea, Japan and Taiwan.
Nvidia’s Growth Sparks Confidence
Nvidia stock closed more than 4% higher in the US on Wednesday at $154.31, its highest ever. The price brought Nvidia’s total market value to $3.77 trillion, making it more valuable than Microsoft. Investors are clearly showing strong confidence in Nvidia’s position in the AI world.
Despite US restrictions on selling some chips to China, investors believe Nvidia will continue to lead in AI. Recently, the US government blocked Nvidia from selling its H20 AI chip to China. The decision is expected to cost Nvidia about $8 billion in sales and $4.5 billion in unused chip inventory. Despite this, the company’s stock continues to rise.
Chip Stocks in Asia Climb
Nvidia’s success is having a ripple effect on other companies, especially in Asia:
- SK Hynix in South Korea, a major memory chip supplier for Nvidia, saw its shares go up 3.53%.
- TSMC, the Taiwanese company that makes Nvidia’s advanced graphics chips, increased by 0.47%.
- Foxconn (Hon Hai Precision Industry), also in Taiwan and a strategic Nvidia partner, rose by 0.77%.
Foxconn is working with Nvidia to build “AI factories.” These factories will use Nvidia chips in many areas, like electric cars and large language models (LLMs), which are the basis of AI tools such as ChatGPT.
Japanese Chipmakers Join the Rally
Japan’s technology and chip companies also performed strongly:
- Advantest, a company that makes testing equipment for chips, jumped 3.93%, hitting an all-time high.
- SoftBank, which owns part of British chip designer Arm, climbed 4.38%.
- Tokyo Electron and Lasertec, two other chip-related companies, rose by 2.13% and 1.57%, respectively.
- Renesas Electronics went up 2.22%.
According to Kingsley Jones, a global investor and advisor at Jevons Global, “The rise in Asian chip stocks shows strong belief in the future of AI.” He also said that fears about U.S.-China trade tariffs are easing, which is helping chip stocks in Japan, South Korea, and Taiwan.
AI Demand Leads the Way
Demand for AI chips continues to grow around the world. Nvidia makes powerful graphics processing units (GPUs) that help power smart AI systems. As more companies invest in AI, they will need more of these chips, which is good news for Nvidia and its partners.
Despite the challenges of export restrictions and chip regulations, the overall market remains positive. Investors are looking beyond short-term worries to the long-term future of AI and the companies that support it.
This latest breaking news from the tech world shows how Nvidia’s growth is fueling global interest in AI and boosting confidence among chipmakers across Asia. As demand for smarter and faster technology grows, these companies will continue to be in the spotlight in daily news headlines.
