Chip stocks rally after bumper earnings and a report of a game-changing China approval for Nvidia

Taiwan

Chip stocks jumped on Wednesday thanks to strong earnings from heavyweights ASML and SK Hynix and a report that China has approved the sale of Nvidia's H200 chips. The VanEck Semiconductor ETF was up more than 3% in premarket trade. In Europe, ASML was 5% higher in morning trade with other semiconductor firms, including Infineon and STMicro , also in the green. Dutch chipmaker ASML on Wednesday reported bumper fourth-quarter earnings with orders above analyst expectations, while its 2026 sales