Asian chip-related stocks surge on AI optimism following Nvidia overnight rally
Asian semiconductor stocks surged following Nvidia’s rise to become the world’s most valuable company, with the company’s market capitalization hitting $3.34 trillion. This surpassed Microsoft, which is now valued at $3.32 trillion. Nvidia’s shares have increased by 174% this year. Taiwan Semiconductor Manufacturing Corporation (TSMC), which produces Nvidia’s high-performance graphics processing units, saw its stock … Read more