Asian chip stocks rallied in early trading Thursday after American AI chip darling Nvidia beat Wall Street expectations and issued stronger-than-expected guidance for the fourth quarter.

South Korea's SK Hynix popped around 4%. The memory chip maker is Nvidia's top supplier of high-bandwidth memory used in AI applications.

Samsung Electronics , which also supplies Nvidia with memory, was also up nearly 4%. The company has been working to catch up to SK Hynix in high-bandwidth memory to land more contracts with Nvidia.

Taiwan Semiconductor Manufacturing Company , the world's largest contract chipmaker, which produces most of Nvidia's chip designs, rose 4% in Taipei.

"We expect Nvidia's results to drive higher earnings estimates across the sector, including fo

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