Blowout Micron Technology results reignite AI rally (opens original article in a new tab)

Global chip stocks surged after Micron Technology's strong results and profit forecast, driven by AI demand, with tech shares in Europe and South Korea rising sharply.

• Micron Technology's strong results and profit forecast led to a global chip stock rally.
• Global tech shares, including ASML, Infineon, and South Korean semiconductor companies, saw significant gains.
• JPMorgan and analysts expressed confidence in sustained AI-driven demand for memory chips and recommended investing in the sector.