Asian chip stocks advanced on Wednesday after Nvidia reported second-quarter revenue of $96.2 billion, a 106% increase from a year earlier, reinforcing expectations for sustained artificial intelligence spending.
The U.S. chip giant’s data center revenue surged 117% to $89 billion, while Chief Financial Officer Colette Kress projected full-year revenue growth of about 70% for fiscal 2028. Nvidia’s CEO Jensen Huang noted demand remains well above the company’s current supply capacity, which it estimates at 70%. Shares initially slipped 1.6% in regular trading but rose more than 7% in premarket activity, reaching as high as 8.74% by 09:48 GMT.
South Korea’s KOSPI index climbed 1.5%, with SK Hynix gaining 2.5% to 1.73 million won and Samsung Electronics up 1.7% at 265,000 won. Taiwanese chipmaker TSMC, which manufactures Nvidia’s GPUs, edged down 0.2%. Japanese suppliers Kioxia advanced 5%, TDK rose 1.5%, and Murata gained 1.7%, while Largan surged nearly 10%.
European chipmakers also benefited, with ASML up 1.6%, Infineon Technologies rising 4%, STMicroelectronics adding 4.3%, ASM International up 2.8%, and BE Semiconductor climbing about 2%. Chinese tech stocks showed mixed performance, with Baidu up 5.3% and SMIC gaining 2.3%, while Alibaba fell 0.9% and Xiaomi dropped 3.4%. The Shanghai Composite rose 1.1%, and the CSI 300 gained 0.9%. The Hang Seng index slipped 0.3%.
