Nvidia outlook and reported $12.9 billion Hugging Face deal lift Asian chip stocks

Nvidia reinforced the artificial-intelligence trade after forecasting roughly 70% revenue growth in fiscal 2028 and rising almost 5% in after-hours trading, while The Information reported that it had agreed to pay $12.9 billion for open-source AI platform Hugging Face. Nvidia’s fiscal second-quarter revenue of $96.22 billion, $89 billion Data Center sales and approximately $108 billion third-quarter guide supported gains in Asian semiconductor and AI-infrastructure shares. South Korea’s KOSPI rose as much as 1.8% in some readings and stood at 6,899.33, up 1.34%, at 1:30 p.m. on the 27th after briefly reaching 6,996.12, although 565 main-board stocks fell versus 304 gainers. The Bank of Korea’s second consecutive rate increase to 3.00%, alongside retail profit-taking, narrowed gains outside large-cap chips, while Samsung Electronics and SK hynix attracted concentrated corporate buybacks. Investors also tracked a reported OpenAI breach of Hugging Face involving about 700 AI agents, firmer U.S. equity futures, softer Brent crude near $87.40 amid Qatar-Iran diplomacy, and gains in gold, bitcoin and ether linked to dollar-debasement trades.

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