European technology equities opened higher on Thursday, driven by a broad-based rally following an unexpectedly strong quarterly report from US memory chip manufacturer Micron Technology.
The positive sentiment rippled across the sector, lifting shares of European tech firms in early trading as investors digested the implications of the American peer's performance.
Micron's shares had already surged in extended trading on Tuesday after the company reported third-quarter fiscal results that exceeded Wall Street expectations.
Micron's shares had already surged in extended trading on Tuesday after the company reported third-quarter fiscal results that exceeded Wall Street expectations.
The memory chip maker also issued a revenue outlook that surpassed analyst estimates, attributing the strength to robust demand in key markets.
The positive reception in US markets carried over into the European session, providing a tailwind for the wider technology sector.
The rally underscores the interconnectedness of global semiconductor markets, where results from major US players often set the tone for European peers.