🟢 SEMI.AX is trading 3.9% up today as Micron’s AI earnings beat lifts semiconductors

SEMI.AX is trading at A$46.73 (+3.87%) following a sector-wide rebound in semiconductors sparked by strong results from Micron Technology.

• Micron Technology posted a significant earnings beat and raised AI-related guidance, easing market concerns regarding AI profitability.
• The move marks a recovery from the prior session’s semiconductor selloff, with broader tech sentiment improving as chip stocks lead a rise in risk appetite.