Chipmakers worldwide tacked on more than $200 billion in market value as investors piled into anything tied to artificial intelligence. The gains followed headlines including OpenAI’s employee tender valuing the startup at about $500 billion and reported talks that could see Intel add AMD as a foundry customer. South Korean names led in Asia—SK Hynix jumped 10% and Samsung rose 3.5%, lifting the Kospi to a record—while Europe’s ASML climbed as much as 4.9%, extending a roughly 50% rebound from its August trough. Valuations are stretching: Bloomberg’s Asia chip gauge trades near 19 times forward earnings and the PHLX Semiconductor Index around 27 times, nearing 2024 highs. Analysts say FOMO is eclipsing bubble worries, though fourth-quarter results may test the momentum. Investors continue to crowd into AI infrastructure providers, pushing up leaders from Nvidia to memory and equipment suppliers.
AI mania sends chip stocks soaring, adding $200 billion to global market value
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