Asian tech stocks saw a notable uptick in early trading on Thursday, buoyed by stronger-than-expected earnings from Nvidia, which alleviated fears of a slowdown in the booming artificial intelligence sector. Shares of major South Korean chip manufacturers Samsung Electronics and SK Hynix surged, with SK Hynix, a vital supplier of high-bandwidth memory for Nvidia’s AI applications, climbing over 2%. Samsung Electronics, Nvidia’s long-time partner, experienced an even more impressive rise, increasing by approximately 5%.
“This is a positive read-through for many players in the Asian supply chain, including SK Hynix, Samsung, and others, due to the surge in data center demand,” remarked Dan Ives, senior equity research analyst at Wedbush Securities. The broader tech landscape in South Korea also reflected optimism, as LG Innotek, a components manufacturer, skyrocketed nearly 14%, and Seoul Semiconductor jumped by 13%.
In Japan, the TOPIX Information & Communication index rose by 2.6%, building upon a 0.58% gain from the previous day. Japanese software firm Trend Micro saw its shares jump by 5.95%, while Sony Group increased by 3.86%. Additionally, SoftBank Group added 5% to its value. Andrew Jackson, head of Japanese equity strategy at ORTUS Advisors, indicated that market momentum will continue to favor AI-related stocks, suggesting potential growth opportunities in Japanese gallium nitride and silicon carbide sectors, such as those represented by Fuji Electric, which saw its shares rise by 1.7%.
Nvidia’s quarterly earnings report revealed a remarkable 73% increase in revenue, hitting $68.13 billion, surpassing analysts’ expectations of $66.21 billion. A staggering 91% of Nvidia’s sales now come from its data center division, home to the company’s dominant AI chips. “The current market dynamics are still in favor of semiconductor infrastructure companies over software providers, with Nvidia firmly retaining its position as a leader in the infrastructure domain,” stated Dan Niles, portfolio manager at Niles Investment Management.
However, not all firms shared in the gains. Japanese semiconductor manufacturers Advantest and Renesas experienced declines, with their share prices dropping by 2.35% and 1.75%, respectively. The conflicting performance among different tech companies underscores the volatility in the market, tied closely to trends in AI investment and semiconductor demand.
As the technology sector continues to react to Nvidia’s robust performance and the increasing demand for AI infrastructure, investors are keeping a close watch on related stocks across Asia. With these dynamics at play, many analysts predict sustained interest in companies that play a critical role in building out data center capabilities, signaling a vibrant future for the tech industry in the region.
This rally reflects a broader narrative in the tech industry, emphasizing the importance of strategic partnerships and the relentless pace of innovation in the artificial intelligence space. Investors, while excited about the opportunities ahead, are reminded of the inherent risks, particularly in an evolving and competitive landscape.
Original Source: https://www.cnbc.com/2026/02/26/asia-tech-stocks-nvidia-earnings-jensen-huang-chips-gpu.html
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Publish Date: 2026-02-26 07:33:00
