Key Numbers
- 85% — YoY sales growth reported by Nvidia (Deutsche Bank note, 24 May 2026)
- +2.4% — KOSPI gain after Nvidia results (Deutsche Bank note, 24 May 2026)
- +2.1% — Nikkei gain after Nvidia results (Deutsche Bank note, 24 May 2026)
Bottom Line
The tech rebound has spread from the U.S. to Asian markets. Investors with long positions in technology equities should consider adding exposure now while momentum remains strong.
Nvidia announced 85% YoY sales growth and upbeat guidance on 24 May 2026. The surprise lift sent the KOSPI and Nikkei up more than 2%, sharpening the case for a tech‑heavy allocation.
Why This Matters to You
If you own Asian tech ETFs or individual semiconductor stocks, the rally offers a near‑term price boost. Conversely, a pull‑back could hurt short‑term exposure, so timing matters.
Asian Indices Jump on Nvidia Momentum
The KOSPI rose 2.4% and the Nikkei climbed 2.1% in the session following Nvidia’s earnings release (Analyst view — Deutsche Bank). Those gains outpaced broader market moves, which were flat to slightly positive.
Historically, Asian equity rebounds lag U.S. tech catalysts by one to two days; this time the lift was immediate, suggesting tighter global integration of semiconductor supply chains.
Nvidia Guidance Sets New Valuation Floor
Nvidia’s forward guidance exceeded consensus, implying revenue growth of 30%‑35% for the next fiscal year (Analyst view — Deutsche Bank). That projection lifts the sector’s earnings expectations across the board.
Higher earnings forecasts raise price‑to‑earnings multiples for peers, making a re‑rating of Asian chip makers plausible within weeks.
Tech Exposure Gains Strength Amid Market Reset
Investors have rotated from defensive utilities back into growth‑oriented tech after the earnings surprise (Analyst view — Deutsche Bank). The shift is evident in fund flows: tech‑focused ETFs saw net inflows of $1.2 bn in the week ending 24 May 2026.
With the rebound extending into Asia, the risk‑reward balance now favors a modest increase in long tech positions, especially in semiconductor and AI‑related names.
What to Watch
- Watch NVDA price action ahead of the next earnings guidance update (next month)
- Monitor KOSPI (^KS11) for continuation of the tech rally (this week)
- Track Nikkei 225 (^N225) for any pull‑back as profit‑taking emerges (this week)
| Bull Case | Bear Case |
|---|---|
| Strong Nvidia guidance fuels global chip demand, lifting Asian tech stocks further. | Guidance misses or a supply shock could reverse the rally and expose over‑valued positions. |
Will the Nvidia‑driven rally sustain enough to reshape Asian tech weighting in your portfolio?
Key Terms
- YoY — Year‑over‑year, a comparison of a metric to the same period in the prior year.
- Guidance — Company‑issued forecasts of future earnings or revenue.
- Rebound — A price or index rise following a prior decline.
