Nvidia’s Strong Forecast Sparks Rally in Asian Tech Stocks
Nvidia’s stellar earnings report has sent shockwaves through global markets, with Asian tech stocks reaping immediate benefits. The chipmaker’s $65 billion revenue forecast—surpassing Wall Street estimates by $3.3 billion—ignited a 5% after-hours stock surge, dispelling fears of slowing AI adoption.
Taiwan Semiconductor Manufacturing Company led the charge with a 4% gain, propelling Taiwan’s index up 3%. South Korea’s Samsung Electronics and SK Hynix followed suit with 4% and 2% climbs respectively, while Japan’s Nikkei breached 50,000 on the back of Advantest and Tokyo Electron rallies.
The bullish outlook marks a sharp reversal from recent tech sector sell-offs. Nvidia’s performance now serves as a barometer for AI infrastructure demand, with its supply chain partners emerging as secondary beneficiaries of the computing boom.
