Asian chip stocks rose on Tuesday after Nvidia closed at a record overnight high as the chip company continued to ride a big wave of artificial intelligence.
Asian semiconductor companies that are suppliers to Nvidia also gained as investor sentiment rose.
South Korean chipmaker SK Hynix, which makes high-bandwidth memory chips for AI applications for Nvidia, jumped 2.8%.
Also, Samsung Electronics which makes HBM chips in Nvidia products saw its shares rise 0.5%.
On Wall Street, Nvidia shares rose 2.4% to close at $138.07, surpassing their June 18 high of $135.58 and pushing its market value to $3.4 trillion close to that of Microsoft and Apple.
A surge in Nvidia shares on Monday came on the back of many of the chipmaker's top customers introducing technologies and products that require significant investment in Nvidia's graphics processing units, or GPUs.
US tech giants Microsoft, Meta, Google and Amazon have purchased Nvidia GPUs in large quantities to build AI environments in their computers.
However, Nvidia stock has risen nearly 180% over the course of the year.
