Semiconductor ETF Surges Over 4% as NVIDIA's Stellar Earnings Propel Gains

Stock News05-21 14:45

Samsung Global Semiconductor (03132) rose over 4%, with a gain of 4.27% to HK$62.5, and a turnover of HK$2.3375 million at the time of reporting. The Samsung Global Semiconductor ETF tracks the 20 highest-revenue semiconductor companies globally, covering the entire industry chain from chip design and manufacturing to equipment supply and packaging/testing. Among its top ten holdings, the combined weighting of leading firms NVIDIA (NVDA.US), Broadcom (AVGO.US), and Taiwan Semiconductor Manufacturing Company (TSM.US) exceeds 44%.

On the news front, after U.S. markets closed on Wednesday, NVIDIA reported its latest quarterly results. The data shows that for the first quarter of fiscal year 2027, NVIDIA's adjusted earnings per share were $1.87, surpassing market expectations by $0.10. Revenue reached $81.615 billion, an 85% increase year-over-year, also exceeding analysts' forecast of $78.8 billion. Notably, its data center business revenue hit a historic high of $75.2 billion, surging 92% from the previous year.

During the latest earnings call, NVIDIA CEO Jensen Huang revealed that the company plans to begin production and shipping of its next-generation rack-scale AI system, Vera Rubin, in the second half of this year. Huang expressed confidence in NVIDIA's forecast of achieving $1 trillion in revenue from its Blackwell and Rubin chips between 2025 and 2027, and expects Vera Rubin to be "even more successful than Grace Blackwell."

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