Nvidia overnight rally lifts chip-related stocks in Asia on AI optimism

A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the opening ceremony of the TSMC Global RnD Center in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)

Amber Wang | Episode | Getty Images

Asian semiconductor and related stocks rose on Wednesday after chipmaker Nvidia became the world's most valuable company thanks to the AI ​​boom.

Nvidia climbed 3.6% on Tuesday, raising the company's market cap to $3.34 trillion, surpassing Microsoft, which is now valued at $3.32 trillion.

Earlier this month, Nvidia reached $3 trillion for the first time, surpassing Apple. Nvidia shares are up nearly 174% so far this year.

Taiwan: TSMC and Foxconn

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Japan: Advantest and SoftBank Group Corp

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South Korea: Samsung and SK Hynix

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