Asian stocks and chip shares reacted unevenly to Nvidia’s strong results as investors balanced surging artificial-intelligence demand against tight memory supply, higher component costs, China restrictions and the prospect of higher interest rates. Nvidia reported second-quarter revenue of $96.2 billion, up more than 106% year over year, including a 117% jump in Data Center revenue to $89 billion. Its third-quarter revenue forecast of $108 billion, with a range of about $105.8 billion to $110.2 billion, exceeded expectations of roughly $104 billion. Nvidia also expects revenue to grow about 70% in fiscal 2028, but its outlook assumes no Data Center compute revenue from China. Nvidia shares rose about 4.7% and more than 5% in after-hours trading in separate market readings, lifting Nasdaq 100 Futures about 0.9% and S&P 500 Futures around 0.5%. South Korea’s KOSPI rose 1.9%, led by SK Hynix and Samsung Electronics, while Japan, Hong Kong, Australia and several Nvidia-linked equipment suppliers lagged. The Bank of Korea raised its benchmark rate by 25 basis points to 3%, while U.S. inflation data and higher Treasury yields kept pressure on technology valuations. Markets are also watching Federal Reserve Chair Kevin Warsh’s Jackson Hole speech and the possibility of further rate increases by the Bank of Japan.