Hunt for future AI winners heats up amid tech earnings season

TSMC, Nvidia and IBM shares gain on generative AI boom, while Intel falls behind

20240129N AI

Artificial intelligence, especially generative AI, took the tech sector by storm in 2023. © Reuters

YUKA KAWAKAMI, Nikkei staff writer

TOKYO -- As more leading companies in technology and adjacent fields announce October-December results, investors are watching closely for how artificial intelligence could affect their future earnings.

South Korean chipmaker SK Hynix recently reported an operating profit for the first time in five quarters, thanks to increased sales of high-performance DRAM memory used in AI systems.

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