Shares of European chipmakers surged on Thursday after U.S. semiconductor giant Nvidia (NASDAQ:NVDA) reported better-than-expected second-quarter revenue forecast. The firm is experiencing a massive boost to chip demand from growing interest in artificial intelligence. ASM International NV (AS:ASMI), ASML Holdings (AS:ASML) and Siltronic AG (ETR:WAFGn) all climbed close to the top of the pan-European Stoxx 600 in mid-day trading. In Asia, optimism over Nvidia’s results carried into some of its suppliers, as well as other chipmakers in the region. Japan’s Advantest Corp. (TYO:6857) and South Korea’s SK Hynix Inc (KS:000660) both gained significantly. Japanese semiconductor players Nippon Electric Glass Co., Ltd. (TYO:5214) and SUMCO Corp. (TYO:3436) rose nearly 4% each, helping the benchmark Nikkei 225 rise back towards 33-year highs.
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