SEMI.AX is trading 3.9% up today after Micron Technology reported a significant earnings beat and raised its outlook, fueled by surging demand for AI memory chips.
- The results from Micron have eased recent market anxieties regarding AI profitability and a potential downturn in the semiconductor cycle.
- The positive sentiment sparked a broad rebound across global chip stocks and key semiconductor indices, reversing a recent sector-wide sell-off.