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This photo taken in Krakow, Poland on April 10, 2023 shows a microchip and the Nvidia logo displayed on a cell phone screen.
Null Photo | Getty Images
Shares of server parts supplier Super Micro Computer rose 11.42% in after-hours trading on Wednesday. Dutch chip equipment maker ASML, which supplies TSMC lithography equipment essential to chip manufacturing, soared 2.7% in U.S. after-hours trading.
Rivals Advanced Micro Devices and SoftBank-backed British chip designer Arm Holdings soared 4.08% and 7.87%, respectively, in after-hours trading after Nvidia’s earnings report.
Nvidia, which custom designs AI chips for Amazon, Microsoft, Google and others, has seen a surge in demand for its graphics processing units thanks to the AI boom.
OpenAI’s ChatGPT gained immense popularity around the world in November 2022 for its ability to generate human-like responses to user prompts, and is trained and runs on thousands of Nvidia GPUs. Nvidia shares rose 9% in after-hours trading.
South Korean memory chip makers Samsung Electronics and SK Hynix rose 0.41% and 3.22%, respectively, on Thursday. Large language models such as ChatGPT rely on high-performance memory chips to remember details of past conversations and user preferences in order to generate human-like responses.
Other Taiwanese semiconductor companies Orient Semiconductor Electronics and MediaTek rose 2.94% and 1.53%, respectively, on Thursday.
Three U.S. semiconductor makers, Intel, Broadcom and Qualcomm, saw their stock prices rise in extended trading on Wednesday, rising 1.38%, 2.79% and 1.80%, respectively.
Nvidia CEO Jensen Huang told analysts on an earnings call Wednesday that the company “fundamentally has excellent conditions for continued growth” beyond 2025. He added that demand for Nvidia GPUs remains high due to generative AI and the industry-wide shift from central processors to accelerators manufactured by Nvidia.
“If you’re going to make a little bet on this conversation, whether it’s market share or whether it’s margin, I think it’s going to surprise people,” said Gene Munster, managing partner at Deepwater Asset. Told. management told CNBC’s “Street Signs Asia” on Thursday.
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