Shares of Nvidia's (NASDAQ:NVDA) Asian suppliers rose further on Friday. Markets cheered a positive outlook on AI-fueled demand from the world's most valuable company.
Positive comments from AMD (NASDAQ:AMD) CEO Lisa Su, highlighting strong demand for AI, also boosted sentiment towards chipmaking stocks.
Chip component suppliers, specialty chemicals, and electronics makers benefited from optimism over AI.
TSMC (TW:2330), the world's biggest chipmaker and a major supplier to Nvidia and AMD, rose 0.2% in Taipei trade after adding over 3% in the prior session. Foxconn (TW:2317) added 0.8%.
Japanese suppliers Murata Mfg Co (TYO:6981), SUMCO Corp. (TYO:3436), Shin-Etsu Chemical Co., Ltd. (TYO:4063), and Ibiden Co Ltd (TYO:4062) surged between 2% and 7%. Sumco benefited from a rating upgrade from UBS.
South Korean shares lagged. Samsung Electronics (KS:005930) fell 2% after rallying nearly 9% in the prior session, narrowly avoiding a major strike. SK Hynix (KS:000660) fell 0.2%.
Nvidia reported stronger-than-expected Q1 earnings this week, with the AI bellwether flagging continued resilience in chip demand.
