Global Chip Stocks Soar as Huang Helps Fuel AI Euphoria at Davos

Global semiconductor stocks advanced, as comments by Nvidia Corp. Chief Executive Officer Jensen Huang at Davos helped reinforce investor enthusiasm for the artificial intelligence trade.

Memory chipmaker Samsung Electronics Co. gained as much as 5% Thursday to an all-time high, helping drive South Korea’s benchmark Kospi above 5,000 for the first time. That came after the Philadelphia Semiconductor Index rose more than 3% to a fresh record on Wednesday, with a boost from Nvidia.