AI-Fueled Rally Lifts Asia Markets as Micron Outlook Boosts Futures
TL;DR
Asian stocks jumped and US futures gained after Micron Technology’s strong sales outlook boosted AI demand expectations; Nasdaq 100 futures rose about 1.6%, the S&P 500 climbed 0.4%, Korea’s Kospi surged over 5%, and the MSCI Asia Pacific Index rose about 1.1%, with Micron shares jumping roughly 15% after hours on its optimistic forecast.
- US Stock Futures Surge on Micron’s Strong Forecast: Markets Wrap Bloomberg.com
- Micron to report third quarter earnings amid sky-high demand from data centers Yahoo Finance
- Micron’s Blockbuster Earnings Quiet the AI Doubters WSJ
- Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally Reuters
- Micron stock jumps 15% as soaring prices from memory crunch lead to quadrupling of revenue CNBC
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