AI chip stocks surge again as Nvidia’s Huang joins Trump on visit to China – Yahoo Finance
Investing.com — Shares in semiconductor, optical networking, and data storage companies have surged in premarket trading on Wednesday, driven by tightening global memory chip supply and a boost in sentiment as Nvidia Chief Executive Jensen Huang joined President Donald Trump on his visit to China.
The memory chip rally has been fueled in part by supply concerns after labor negotiations at Samsung Electronics collapsed, raising the prospect of further disruption to an already tight market for chips critical to artificial intelligence infrastructure.
Samsung shares rose 1.8% in Seoul, while SK Hynix surged 7.7%. Micron Technology is up 5.4% in U.S. premarket trading, with storage peers Sandisk up 4.4%, Western Digital gaining 2.8% and Seagate adding 1.9%.
Among broader chip names, Qualcomm has gained of 3.7%, while Intel rose 2.4%, Advanced Micro Devices added 1.8% and Nvidia itself climbed 1.9% despite Huang’s presence at the diplomatic summit drawing the most attention.
Optical and photonic component makers, which supply key hardware for AI data center interconnects, also moved sharply higher.
Applied Optoelectronics has gained 6.4%, Coherent rose 6.7%, Lumentum advanced 6.6%, Corning added 3.9% and Marvell Technology climbed 2.4%.
The broad-based advance reflects growing optimism that the Trump-Xi summit could ease trade tensions weighing on the semiconductor supply chain, while supply-side pressures continue to underpin the investment case for companies tied to AI infrastructure buildouts.
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