Global semiconductor stocks are climbing, with NVIDIA Corporation CEO Jensen Huang's remarks at the Davos forum further amplifying investor enthusiasm for the artificial intelligence trading theme. Memory chip manufacturer Samsung Electronics surged over 6% at one point on Thursday, hitting a record high and propelling South Korea's benchmark Kospi index above the 5,000-point mark for the first time. Buoyed by a rise in NVIDIA's share price, the Philadelphia Semiconductor Index gained over 3% on Wednesday, also setting a new record. Market risk sentiment broadly improved after former President Trump stated he would not impose tariffs on European countries opposed to the U.S. acquiring Greenland. Jensen Huang's comments further accelerated the gains; speaking at the World Economic Forum, he indicated that global AI infrastructure development would require trillions of dollars in investment. Intel is scheduled to report earnings later on Thursday, which may provide further details on key industry capital expenditure plans. Apple Inc. and Meta Platforms Inc. are set to announce their results next week. Disco Corp. soared 17% in Tokyo after the chip equipment manufacturer reported better-than-expected profit figures. Taiwan Semiconductor Manufacturing Company (TSMC) advanced 1.7%.
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