Asian stock markets advanced on Thursday, driven by a surge in semiconductor shares following Alphabet’s decision to raise its capital expenditure guidance.
The move by the US tech giant signaled sustained demand for AI infrastructure, providing immediate tailwinds for memory chip manufacturers and other hardware suppliers across the region.
The rally was broad-based, with memory chip stocks leading the charge as investors digested the implications of higher US tech spending.
This development helped stabilize sentiment after a volatile week for technology shares in the United States, where the Dow Jones Industrial Average and Nasdaq Composite had posted early gains on Thursday morning.
The positive momentum from Wall Street carried over into Asian trading sessions, reinforcing the upward trend.
The current rally is part of a larger structural shift in Asian equities.