Lasertec Shares Jump After Nvidia Fuels AI Chip Spending Hopes

Shares of semiconductor linchpin Lasertec Corp. surged 21% after Nvidia Corp. hit a $5 trillion market capitalization that’s spurring hopes for more spending on bleeding-edge chipmaking to develop AI.

The jump, Lasertec’s biggest in over a year, comes a day before the company reports quarterly results, with analysts expecting a 27% increase in revenue. An essential tech provider for advanced chip design, Lasertec was seen as a beneficiary Thursday following word from President Donald Trump that he’ll discuss Nvidia’s most advanced Blackwell AI chips in trade talks with China.