US stock market rises as Amazon and chipmaker gains; oil prices hike prompt worries amid inflation concerns

Amazon's profit more than tripled year-over-year, driven by growth in its cloud computing business, and its stock jumped 13.8%.

Microsoft experienced its best day in nearly 18 years after signals that its AI investments are paying off.

Chipmaker stocks Micron Technology and Advanced Micro Devices rose 5.9% and 6%, respectively, lifting the S&P 500.

South Korea's Kospi index soared 17.9% for its best day in history, with Samsung Electronics and SK Hynix each gaining at least 26.8%.

Apple fell 9.1% despite beating profit expectations, due to its limited spending on AI compared to rivals.