Asian Stocks Soar as Technology Sector Surges with AI Hype

Asian Tech Stocks Surge Amid Renewed Optimism in AI Sector

Asian technology stocks experienced a boost on Tuesday as investor optimism over the artificial intelligence (AI) sector rebounded. This surge in tech stocks helped lift most Asian markets, which had been on a downward trend in the past week. The renewed optimism comes in the wake of chipmaker NVIDIA Corporation’s record high surge on Monday, after New Street Research named the stock as one of its top picks for 2024. This positive sentiment spilled over into Asian stocks, particularly in Japan and Hong Kong.