Asian technology stocks surged on Wednesday, tracking a powerful Wall Street rally fueled by blockbuster AI earnings, with SoftBank jumping 10% and South Korean memory-chip makers leading the charge. In Seoul, SK Hynix climbed 6.9% and Samsung Electronics gained more than 4%, while Seoul Semiconductor popped 7.6%. The move came a day after AMD posted record second-quarter revenue of $11.5 billion — up 50% year over year with data center sales more than doubled — and Palantir smashed estimates with 93% revenue growth, reinforcing confidence that the AI buildout remains on solid footing. Memory-chip strength was a recurring theme: with hyperscaler AI spending showing no signs of cooling, investors bet on sustained demand for the high-bandwidth memory that powers AI accelerators. For SoftBank, the rally adds to a year in which the Japanese conglomerate has doubled down on AI infrastructure, from its SB Neo AI Cloud neocloud push to bets on chip ventures. The session underscored how tightly Asia's tech complex now trades with AI sentiment out of Washington and Silicon Valley.

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