Asian memory-chip stocks climbed as a bullish outlook from Sandisk Corp. boosted optimism regarding the long-term benefits of the artificial intelligence boom. The surge reflects growing investor confidence in the semiconductor sector's trajectory.

Shares of Sandisk partner Kioxia Holdings Corp. climbed as much as 8.7% in Tokyo, while memory maker SK Hynix Inc. gained 6.5% in Seoul. This upward movement highlights the strengthening demand for memory components in AI applications.

A Bloomberg gauge of Asian semiconductor stocks rose as much as 1.6%, headed for a fifth-straight day of gains. The rally underscores a broader trend across the Asian tech markets.