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Asia Stocks Rebound as SpaceX & Super Micro Earnings Boost AI Chipmakers
Asian stocks rose on Wednesday, with the Kospi in Seoul gaining more than 3.4% to 5,733.82. The rise was attributed to strong results from SpaceX and Super Micro, which led to gains in AI stocks. However, high oil prices and weak CATL results continued to raise market fears. The market impact could lift more AI stocks, with Meta and Tesla earnings expected to drive the next move in the industry.