Nvidia’s (NVDA) stellar earnings on Wednesday created ripples across the tech industry and global markets. This time, the beneficiaries are Asian tech stocks, which climbed on Thursday after Nvidia reported stronger-than-expected earnings and offered a bright sales forecast. The chipmaker said it expects revenue of about $65 billion for the next quarter, topping Wall Street’s estimate of $61.7 billion. Its shares rose 5% in after-hours trading, which helped ease concerns that the rush into AI might be slowing.
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In Taiwan, Taiwan Semiconductor Manufacturing Company (TSM), Nvidia’s top chip supplier, gained about 4% and helped the local index jump more than 3%. In South Korea, Samsung Electronics (SSNLF) climbed over 4% and SK Hynix rose nearly 2%, pushing the KOSPI up 1.9% for the day. Japan’s Nikkei index also moved above the 50,000 level, led by strong gains in Advantest (ATEYY), Tokyo Electron (TOELY), and SoftBank Group (SFTBY).
Confidence Returns to AI Spending
Before Nvidia’s results, investors were cautious as tech stocks had faced several days of selling. However, the new forecast reassured markets that demand for AI chips and data centers remains steady. Nvidia’s CEO Jensen Huang said major cloud companies such as Microsoft (MSFT) and Amazon (AMZN) continue to invest heavily in new computing systems.
Across Southeast Asia, most markets followed the upbeat tone. Stocks in the Philippines gained nearly 2%, while Indonesia reached a record high. Overall, Nvidia’s strong outlook restored some optimism in global tech shares. Investors now appear more confident that the wave of AI-related spending is still driving profits higher, not losing momentum.
We used TipRanks’ Comparison Tool to align all the stocks mentioned in the piece to gain a broader view of Asian tech stocks and other U.S. AI stocks.
