Asian stock markets surged on Thursday, driven by robust earnings reports and optimistic forecasts from US semiconductor giants Micron Technology and Qualcomm.
The results helped dispel growing investor anxiety that the relentless rally in artificial intelligence-related stocks had pushed global equities to unsustainable levels.
Japan's Nikkei 225 also climbed 1%, reflecting broad-based buying interest in technology shares.
The positive sentiment from the US tech sector rippled across Asia, with South Korea's Kospi index jumping more than 5% at the open.
Japan's Nikkei 225 also climbed 1%, reflecting broad-based buying interest in technology shares.
The surge was particularly pronounced in memory chip stocks, as Micron's stronger-than-expected sales forecast signaled continued demand for high-bandwidth memory used in AI servers.
Qualcomm's performance further bolstered confidence in the sector, suggesting that the AI infrastructure build-out remains robust despite earlier concerns about a potential slowdown.