Tech stocks in Asia fall amid broad declines in the region after Nvidia results

Tech and chip-related stocks in Asia fell on Thursday, after U.S. chip darling Nvidia reported its second-quarter results overnight, amid a broader decline in the region's key markets.

Losses were most pronounced in companies with direct links to the U.S. tech giant, such as South Korean chipmakers SK Hynix and Samsung Electronics.

SK Hynix, which manufactures high bandwidth memory chips — used in AI applications— for Nvidia, saw shares slump as much as 6.74%.

Samsung Electronics, the highest weighted stock on the South Korea's benchmark stock index, Kospi, fell as much as 3.8%.

While the extent of Samsung's supplier relationship with Nvidia is not fully known, the company is expected to be manufacturing HBM chips for some Nvidia products, according to Reuters.

Other direct suppliers to Nvidia such as Taiwan Semiconductor Manufacturing Company and Hon Hai Precision Industry — known internationally as Foxconn — saw losses of as much as 2.8% and 2.96%, respectively.

The spillover also extended to other tech stocks, although to a smaller extent. Japanese semiconductor related stocks such as Renesas, Advantest and Tokyo Electron fell as much as 3.2%, 3.6% and 3.49% respectively.

Separately, Chinese chipmakers listed in Hong Kong fell, despite being largely unrelated to the Nvidia value chain. SMIC, which is partially state owned, lost about 1.4%, while Hua Hong Semiconductor fell 1.66%.

While the Nvidia beat quarterly revenue and earnings per share estimates, the fall in shares could have been triggered by fears that the company may not be able to deliver explosive growth in the current quarter, according to Luke Rahbari, CEO of Equity Armor Investments told CNBC's "Squawk Box Asia."

Rahbari said the results are "really good", but