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Taiwan shares notched fresh all-time highs on Friday as a booming demand for artificial intelligence and semiconductor technology boosts investor optimism for the country's tech firms.
Shares of Micron popped more than 14% in extended trading on Wednesday after the company announced second-quarter fiscal 2024 results that beat analysts and offered rosy guidance. The company, which makes memory and storage for computers, said it has benefitted from the artificial intelligence boom.
SEOUL -- The artificial intelligence boom has created a sharp divide on the South Korean stock market: memory chip maker SK Hynix has shot up more than 16% this year, while bigger rival Samsung Electronics has languished.
TOKYO -- As Japanese and U.S. shares reach new highs fueled by the tech sector, strong earnings have allayed concerns about overheating, but the concentration of money in a handful of stocks has invited comparisons to the 1990s dot-com boom.
TAIPEI -- The market for artificial intelligence is not the only thing heating up. So, too, are the chips and servers that power the cutting-edge technology, driving demand for more efficient cooling solutions.
TAIPEI -- Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, said on Thursday its revenues could grow by as much as 26% this year as the rise of generative AI computing fuels the growth of the global electronics industry.
The valuations of some private companies are "going nuts again," returning to highs not seen since the Covid-19 pandemic, according to Cisco's chief executive.