Asian tech stocks staged a dramatic breakout overnight, with two of the region’s strongest performers leading the charge. Alibaba Group Holding Limited (BABA) and Taiwan Semiconductor Manufacturing Company Limited (TSMC) were the stars of the show, delivering impressive gains that have left investors eagerly awaiting the next move.

BABA’s surge was led by a flurry of bullish analyst notes, with Jefferies and Citigroup both raising their price targets on the stock. The company’s strong fundamentals and growing influence in the e-commerce space have investors feeling bullish about its future prospects.

TSMC, meanwhile, continues to benefit from the global chip shortage, with demand for its semiconductor products soaring. The company’s recent earnings beat and guidance raise have further fueled optimism, with investors betting on its ability to continue delivering strong growth.

While both stocks have seen significant gains in recent months, the sudden surge overnight has added fuel to the fire. As investors clamor for exposure to these high-growth companies, the question on everyone’s mind is: Where do they go from here?

One thing is clear: These two tech titans are set to continue driving the growth of the Asian tech sector in the years ahead. With their strong fundamentals and innovative products, they are well-positioned to take advantage of the growing demand for technology in the region and beyond.

As always, it’s important to do your own research and consult with a financial advisor before making any investment decisions. But for those looking to gain exposure to these exciting companies, now may be an ideal time to consider dipping their toes into the Asian tech space.