Asian Alphabet-Linked Stocks Rise on Optimism Over TPU AI Chips
Deep News11-25
Asian firms in Alphabet's supply chain and related stocks gained on optimism about expanded production of Google's Tensor Processing Unit (TPU) AI chips.
In South Korea, Isu Petasys, which supplies multilayer circuit boards to Alphabet, surged up to 18%, hitting a record intraday high. Other related stocks also performed strongly, with ISC on the Kosdaq soaring as much as 30% and TFE rising 22%. In Taiwan, MediaTek shares climbed 4.8%.
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