Asia chipmaking, AI stocks surge on Anthropic IPO cheer

Asian chipmakers and artificial intelligence-related stocks rallied on Tuesday after Anthropic filed for an initial public offering, reviving optimism about AI demand.

South Korea's Samsung Electronics (KS:005930) shares rose 4% by 03:25 GMT, while SK Hynix Inc (KS:000660) climbed 6%.

In Japan, semiconductor equipment makers Tokyo Electron (TYO:8035) rose 3%, and Advantest Corp. (TYO:6857) surged nearly 10%.

Japan's top AI investor SoftBank Group (TYO:9984) shares climbed more than 6%.

China's Semiconductor Manufacturing International Corp (SMIC) (HK:0981) added 0.8% in Hong Kong trade, while Hua Hong Grace Semiconductor (HK:1347) shares traded over 2% higher.

Overnight on Wall Street, Nvidia (NASDAQ:NVDA) rose 2.4%, Micron Technology (NASDAQ:MU) climbed 3%. CoreWeave(NASDAQ:CRWV) shares rose nearly 6%.

Anthropic, the maker of the Claude chatbot, on Monday disclosed rapid revenue growth alongside steep losses in its IPO filing, highlighting both the commercial potential of generative AI and the substantial costs of developing advanced models.

Markets now await results from major U.S. technology companies this week for evidence that AI investment is translating into sustainable profits.