A brighter earnings outlook for artificial-intelligence companies is allaying concerns that the AI-led global equity rally is in a bubble territory after hitting records.

SK Hynix Inc. and Advantest Corp. both reportedBloomberg Terminal stronger earnings on Wednesday, adding to a slew of results that show demand is rising in tandem with valuations. Nvidia Corp. extended gains to more than 8.5% in Asia after US President Donald Trump said he would speak with his Chinese counterpart Xi Jinping about the company’s Blackwell chip.