Asian technology and chipmaking stocks surged on Wednesday, driven by optimism over artificial intelligence demand following OpenAI’s announcement of the $500 billion “Stargate Project” in the U.S. The initiative, supported by major tech firms like Microsoft, Nvidia, Arm Holdings, and Oracle, aims to build AI infrastructure over four years, with SoftBank’s Masayoshi Son leading the partnership. Key beneficiaries included Taiwan’s TSMC (+2%) and Hon Hai Precision Industry (+1.1%), Japan’s Advantest (+3.9%), and South Korea’s SK Hynix (+3.2%) and Samsung Electronics (+0.9%). The announcement, also endorsed by U.S. President Donald Trump, highlighted a significant AI-driven growth potential, though JPMorgan analysts cautioned against immediate capital spending spikes.