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Asian technology stocks have risen as major companies increase spending on artificial intelligence, boosting demand for AI chips and related technology.
Mariyam Adheela
Photo: MT
Asian technology stocks have gained as major companies continue to increase spending on artificial intelligence (AI) technology.
Investors are showing more confidence in AI related businesses, expecting strong demand for advanced chips and other technology needed to support AI systems.
Major chip manufacturers, especially in South Korea, have seen their shares rise as demand for AI chips continues to grow.
Companies producing semiconductors and other AI-related equipment are expected to benefit as global technology firms invest more money into building AI infrastructure.
Growth
The growth of AI has become one of the biggest factors influencing global technology markets. Businesses are increasing investments in AI to improve services, automate tasks, and develop new technologies.
Analysts say continued spending on AI could support further growth in technology companies across Asia.
