Asian AI chip stocks rise after Nvidia CEO Jensen Huang resigns

invezz.com (Portuguese) —

Asian AI chip stocks rose Friday despite Nvidia's decline after founder Jensen Huang resigned as CEO, with Samsung and SK Hynix gaining initially before paring gains. Samsung advanced 3.25% and SK Hynix 4.55% in early trading, later trimming to 1.92% and 1.66%, while the KOSPI hit 5,504.44 before settling at 5,421.99. Nvidia fell 4.34% Thursday to $166.19, with CFO Colette Kress named interim CEO. Analysts say HBM demand tied to AI computing expansion remains resilient, with Nvidia's November 17 earnings a key test. Foxconn projected strong AI server growth, though supply chain shifts could affect Asian manufacturers.


With a significance score of 2.4, this news ranks in the top 15% of today's 29724 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: