Tech shares rose early Wednesday, with the Nasdaq composite jumping over 2.5% after positive earnings reports from Microsoft and AMD sparked renewed interest in artificial intelligence investments. Additionally, semiconductor-related stocks were boosted by a report that certain companies from Japan, the Netherlands, and South Korea would be exempt from an upcoming White House rule aimed at restricting the export of chipmaking equipment to China.
Source: https://asia.nikkei.com/Business/Markets/Nvidia-and-ASML-surge-after-reports-of-U.S.-export-control-exemptions