Asian Markets Close Morning Higher as Chip Stocks Surge After Alphabet Pledges Nearly 200 Billion Dollars in AI Spending

EarningsIndustry Impact 4
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Summary · why it matters

Asian markets mostly rose in morning trade today, lifted by a surge in semiconductor stocks after Alphabet announced plans to invest nearly 200 billion dollars in artificial intelligence infrastructure this year. Japan's Nikkei index closed the morning up 0.47 percent. Hong Kong's Hang Seng Index gained 1.34 percent. China's Shanghai Composite Index dipped 0.19 percent. South Korea's KOSPI index jumped 3.26 percent, and Australia's S&P/ASX 200 added 0.60 percent. SK Hynix, a memory chip maker that derives over 7 percent of its revenue from Alphabet, soared 6.5 percent on the South Korean stock market, while Taiwan's MediaTek, which reportedly collaborates on processor development for Alphabet, surged 5.2 percent. Alphabet reported second-quarter 2026 revenue of 119.80 billion dollars, beating expectations, and projected full-year 2026 capital expenditure of 195 to 205 billion dollars, up from a previous range of 180 to 190 billion dollars.

Impact on stocks 2

Artificial Intelligence▲ · 1 stocks
Alphabet Inc Class C
GOOG
▲ PositiveCapitalrelevance

Alphabet announced higher-than-expected capex of $195-205B for AI infrastructure, signaling strong investment commitment.

Semiconductors▲ · 1 stocks
SK Hynix Inc
000660
▲ PositiveDemandrelevance

SK Hynix derives over 7% of revenue from Alphabet; the massive AI capex pledge boosts demand for its memory chips.

Theme Impact 8

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