Asia’s stock markets are charging into uncharted territory, fueled by relentless enthusiasm for artificial intelligence and a tech rally that refuses to fade. From Seoul’s Kospi flirting with 6,000 to Tokyo’s Nikkei piercing 58,000 and Taipei’s Taiex scaling 34,700, investors are betting big on the chip giants powering the AI revolution. But what lies beneath this euphoric surge? As Nvidia’s earnings loom, whispers of trillion-dollar AI spending commitments raise questions: Is this sustainable momentum or a bubble waiting to burst?
Korea leads the charge with the Kospi closing at a historic 5,969.64, up over 2% in a single session, driven by Samsung Electronics hitting 200,000 won and SK Hynix soaring to 1,005,000 won. Institutional buyers poured in 2.38 trillion won, eyeing memory chips critical for AI data centers. Meanwhile, Japan’s Nikkei touched a fresh intraday peak above 58,000, propelled by electric appliances and communication stocks riding the semiconductor wave from U.S. peers. Taipei mirrors the frenzy, with the Taiex vaulting 2.75% to 34,700 amid Taiwan Semiconductor’s outsized influence.
The catalyst? A torrent of AI infrastructure deals. Advanced Micro Devices just inked a massive pact to supply Meta with gigawatts of GPUs for next-gen AI systems, cementing its role in the global buildout. Such announcements amplify the hype, with benchmarks across Asia extending gains for a third straight day. Yet, scrutiny intensifies: How exposed are these markets to U.S. tech volatility, and can supply chains keep pace with exploding demand for high-bandwidth memory?
All eyes now fix on Nvidia’s fiscal Q4 results after U.S. markets close today. Wall Street anticipates a 68% revenue jump, but forward guidance on cutting-edge chips could either supercharge this rally or expose cracks. Asian exchanges, intertwined with the AI narrative, hang in the balance. Traders wonder if the optimism will propel further records or if profit-taking signals caution in this high-stakes tech gamble.
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