SK Hynix’s shares surged over 25%, approaching a record-setting day if these gains continue. Meanwhile, Samsung experienced an increase of over 20%. Other notable gains included LG Innotek with an 11.2% rise and Seoul Semiconductor enjoying a 7.8% uptick.
Japanese chip stocks mirrored this trend, with Advantest leaping nearly 18%, Tokyo Electron climbing almost 9%, Disco rising more than 13%, Lasertec advancing over 12%, and Renesas Electronics gaining over 10%. SoftBank Group, known for its AI connections through Arm ownership, rose by more than 9%.
This surge marked a dramatic reversal from earlier sell-offs earlier in the week when semiconductor stocks were pressured by elevated AI valuations and increased competition from Chinese memory chip manufacturers.
Overnight, the iShares Semiconductor ETF (SOXX) rose by more than 8% as investors renewed their focus on AI-oriented chipmakers after Amazon and Microsoft delivered unexpectedly strong cloud earnings.
Amazon’s stock climbed over 9% in after-hours trading due to better-than-expected second-quarter revenue, bolstered by the ongoing strength of its cloud-computing segment.
Microsoft saw a 16% increase during Thursday’s session following its announcement of Azure cloud growth that exceeded expectations, confirming substantial investment in AI infrastructure. Also Read: US expands sanctions on Iran’s Mahan Air network; India-based Skiez Travels among firms sanctioned
(Edited by : Juviraj Anchil)
