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Chip sector boosted by investor interest in AI and Japan investments

Shares in Nvidia Corp, Advanced Micro Devices and Micron Technology provided the biggest boosts to the chip sector on Thursday as investors looked for ways to invest in artificial intelligence and in Japan. Synopsys shares ended up 8.7% after it forecast better-than-expected third-quarter profit estimates, saying increased use of AI and automation boosted its business. Micron announced it would invest up to 500 billion yen ($3.70 billion) in extreme ultraviolet (EUV) technology in Japan in the next few years with Japanese government support.

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