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STOCK MARKETS

Nvidia Asian suppliers rally on AI earnings

Nvidia's Asian suppliers rallied after strong Q1 earnings fueled by AI demand. Samsung, SK Hynix, TSMC, and others saw gains.

Sebastian Young
BySebastian Young- Senior Editor
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0
Nvidia Asian suppliers rally on AI earnings
Photo: Prepared by Bond.az

Shares of Nvidia's Asian suppliers surged Thursday after the chipmaker reported strong first-quarter earnings, driven by resilient AI demand.

Samsung Electronics and SK Hynix, key memory suppliers, rose 8% and 10.9%, respectively, nearing record highs.

TSMC jumped 3.2%, Hon Hai Precision added 3.1%. Advantest gained 4.8%, while Ibiden surged nearly 15%.

Nvidia's earnings beat expectations, but shares fell slightly in aftermarket trade due to lofty expectations and rising competition.

Nvidia remains the world's most valuable listed firm, benefiting from its leading position in AI processors.

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