Asian technology shares ride high on AI optimism after Nvidia's 'stunning' results - business live

Asian technology shares rose after Nvidia delivered results described as “stunning,” lifting confidence in the AI trade following a recent sell-off. The U.S. chipmaker reported second-quarter revenue near $96 billion, roughly doubling from a year earlier, and forecast third-quarter revenue above Wall Street expectations to about $108 billion. Nvidia, valued at about $5 trillion, saw its shares gain 4.7% in post-market trading to $219.53, with analysts noting a possible push beyond $220 and toward the May highs around $235. South Korea’s Kospi rose 1.3% and Samsung Electronics climbed 3%, while Japan and Australia were among the laggards.