On Wednesday, the stock prices of NVIDIA's (NASDAQ: NVDA) Asian suppliers rose as investors anticipated more information about the artificial intelligence industry from its first-quarter earnings.
Some of Nvidia's major suppliers, such as SK Hynix (KS: 000660) and TSMC (TW: 2330) (NYSE: TSM), rose by less than 2%. Contract electronics manufacturer Hon Hai Precision Industry Co., Ltd. (TW: 2317) (Foxconn) signed a cooperation agreement with Nvidia last year and saw a 2.4% increase in the Taiwan market.
However, other related stocks showed a lackluster performance. Japanese semiconductor testing equipment manufacturer Advantest Corp. (TYO: 6857) fell by 0.5%.
Despite efforts by memory chip giant Samsung Electronics Co., Ltd. (KS: 005930) to produce advanced memory chips for the AI industry, its stock price saw a slight decline.
The broader Asian tech stocks, especially chip manufacturers, fluctuated ahead of Nvidia's earnings. Nvidia is set to announce its first-quarter earnings after the U.S. market closes on Wednesday.
As a core company that saw a significant increase in valuation driven by AI over the past year, Nvidia holds an important position in the tech industry, particularly in its AI investments.
According to Reuters estimates, Nvidia's quarterly revenue is expected to be $24.65 billion, with earnings per share of $5.59, showing significant growth compared to the same period last year.
Nvidia currently produces the most advanced AI chips on the market, benefiting from large-scale AI investments in the tech industry. Last year, the company's stock price surged more than threefold, boosting the broader chip manufacturing sector.
