(Bloomberg) — Asian chip-related shares extended gains as Nvidia Corp. chief Jensen Huang unveiled new products featuring the company’s Blackwell chips at the CES trade show in Las Vegas, renewing optimism over AI demand.
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In Japan, Nvidia chip gear suppliers Tokyo Electron Ltd., Advantest Corp., Disco Corp. and LaserTech Corp. all rose at least 6%. In Taiwan, Nvidia assembly partner Hon Hai Precision Industry Co. rose to 4.1%, while Taiwan Semiconductor Manufacturing Co. increased by 3.1%.
The CEO also said that carmaker Toyota Motor Corp. will be a customer for Nvidia’s autonomous driving AI products. Toyota shares rose as much as 3.9% on the announcement, extending gains from the morning. The automaker plans to open its futuristic Woven City near Mount Fuji later this year.
Huang took the CES stage just before noon Tokyo time, shortly after Nvidia’s shares hit an all-time high. In his speech, he unveiled new graphics cards for gaming PCs — built on Nvidia’s Blackwell chip design — and other software to help companies develop autonomous driving and robotics AI.
Huang’s speech advanced that tech-related stocks are gaining from recent public and private investment in AI infrastructure. Microsoft Corp last week announced plans to spend $80 billion on AI data centers this year, while Hon Hai reported better-than-expected sales growth last quarter.
“There are some great AI-assisted newsflows to start the year,” said Andrew Jackson, an analyst at Ortus Advisors Pte. He said Japanese chip gear makers are particular winners during the ongoing tech rally as many sold heavily during the year-end position adjustment that favors momentum plays. “It appears that semiconductor production equipment has legs here.”
Jackson added that Japanese chip package substrate maker Ibiden Co., which supplies Nvidia, “is likely to benefit greatly from Huang’s willingness to roll out Blackwell on a larger scale.” Ibiden shares rose as much as 7.7% on Tuesday, the most since Nov. 5.
–With assistance from Vlad Savov, Kurt Schuessler and Catherine Ngai.
(Updates with Toyota announcement from Huang’s CES keynote)
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