New Delhi, Oct. 28 -- Share prices of technology companies surged earlier in the day in Asia, as blockbuster earnings from South Korean chipmaker SK Hynix boosted optimism around the artificial intelligence (AI) trade ahead of results from Wall Street giants Microsoft and Alphabet after the closing bell.

SK Hynix, which has been at the forefront of the AI-driven chip boom, reported on Wednesday that its third-quarter operating profit soared 632% year-on-year to a record 83.33 trillion won ($62.8 billion), driven by strong demand for advanced semiconductors.

The results lifted SK Hynix's US-listed American depositary receipts (ADRs) by 12.17% to the day's high of $160 apiece. Micron shares gained 5.5%, while AMD rose 2.25% at their day's...