Asia tech stocks rebound after Wall Street chip names recover

Asian technology stocks rebounded Tuesday, tracking gains on Wall Street as AI-related names recovered and investors rotated back into tech hardware. SK Hynix surged 6.44%, Samsung Electronics rose 3.38%, and Seoul Semiconductor jumped more than 12%. Japanese semiconductor equipment makers also advanced, with Tokyo Electron up 5.65%, Advantest up 1.51%, and Renesas Electronics up 2.54%, while SoftBank slipped about 2%. In the United States, chip shares helped the S&P 500 rise 0.3% and the Nasdaq climb 0.86%, easing some of last week's tech rout. Analysts cautioned that volatility would persist as markets await SpaceX's highly anticipated IPO, set to price Thursday and begin trading Friday, and as AI listings from OpenAI and others emerge. OpenAI reportedly filed confidentially for an IPO, joining Anthropic, with the AI firm valued at more than $850 billion. Nvidia's Vera server CPU is already in strong demand and is expected to generate about $20 billion in revenue, underscoring the shift from AI training to inference and the growing need for specialized hardware.