SEMI.AX is trading 3.9% higher today as global chip stocks rebound following Micron Technology’s strong earnings beat and bullish guidance tied to AI memory demand.
- The upbeat outlook from Micron has eased investor fears of a semiconductor downturn following a recent sector-wide sell-off.
- The ETF, which tracks a global semiconductor index, is reacting to a broad rally among memory and AI-focused chipmakers led by Micron’s post-earnings surge.
- This move reflects renewed market confidence in the growth trajectory of AI-related hardware and infrastructure.