tech
January 28, 2026
Chip stocks rally after bumper earnings and a report of a game-changing China approval for Nvidia
Reuters reported that China has approved sales of Nvidia's H200, sending the AI chip giant's shares higher in premarket trade.
TL;DR
- Chip stocks rallied on Wednesday following positive earnings from ASML and SK Hynix.
- ASML reported fourth-quarter orders exceeding expectations and a favorable 2026 sales forecast.
- SK Hynix announced record full-year profits for 2025.
- China has reportedly approved domestic tech giants' purchase of Nvidia's H200 chips.
- A shortage of memory chips and growing demand for AI chips are driving growth in the semiconductor sector.
- ASML's extreme ultraviolet lithography machines are critical for advanced chip manufacturing.
- Taiwan Semiconductor Manufacturing Co. also reported record fourth-quarter profits earlier this month.
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