cnbc.com·3 min read·medium
AI rally roars back
L
Lee Ying Shan
✦AI Summary
Asian semiconductor stocks experienced a significant rally following strong earnings reports from U.S. tech giants Amazon and Microsoft. This surge marks a recovery from recent market volatility driven by concerns over AI valuations and competition.
South Korea's chip heavyweights SK Hynix and Samsung Electronics skyrocketed in Seoul on Friday, tracking a sharp rally in U.S. technology stocks after blockbuster earnings from Amazon and Microsoft revived optimism around artificial intelligence spending.
businesstechnologyeconomy
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