🟢 SEMI.AX is trading 3.9% up today after Micron's AI-driven earnings beat sparks sector rebound

SEMI.AX is trading 3.9% higher today after Micron Technology reported a major fiscal Q3 2026 earnings beat and raised its AI-focused guidance.

• The strong results signaled robust profitability for memory and AI-related chips, triggering a sector-wide rebound in global semiconductor stocks and boosting tech futures.
• This rally reverses a portion of the recent AI-driven chip sell-off, significantly improving investor sentiment toward the broader semiconductor index tracked by the ETF.
• Micron's guidance suggests sustained demand for AI hardware, providing a positive catalyst for the broader technology sector.