News · Yahoo Finance

Tech stocks soar as SK hynix adds to rising AI confidence

Asian tech stocks surged after strong SK hynix earnings boosted AI optimism ahead of results from Microsoft and Alphabet. SK hynix's third-quarter operating profit soared 632% to US$62.8 billion (€54.2 billion), driven by demand for advanced semiconductors, and the firm said it had posted record revenue and operating profit for six straight quarters. Anthropic's IPO filing showed first-half revenue surged about 1,300%, and Broadcom, Citi, Blackstone and Morgan Stanley announced a US$63 billion (€54.4 billion) financing structure for Anthropic's new capacity. SK hynix shares rose almost 9%, Samsung more than 8%, Korea's Kospi more than 6%, and Japan's Nikkei 225 more than 1%. The Fed is expected to hold rates steady, but markets are pricing in a rate hike in December, while crude prices jumped more than 1% as Israel's election results came in.

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semiconductorsartificial intelligenceSouth KoreaearningsAnthropic

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NVDA

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SectorInformation Technology
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Market cap$5.1T
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Change that session+0.87%
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Relevance: medium

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SectorInformation Technology
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Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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