Global semiconductor equities rallied sharply on Thursday, driven by robust financial results from Micron Technology.
The memory chip maker, a key supplier to Nvidia’s artificial intelligence infrastructure, saw its shares surge more than 17%, leading a broad-based advance across the sector.
The rally extended to South Korean chip manufacturers, which also posted significant gains as investors repriced the outlook for high-bandwidth memory (HBM) and other AI-critical components.
The move reflects a resurgence of confidence in the artificial intelligence sector, with traders viewing Micron’s performance as a positive signal for demand across the supply chain.
Micron’s results have become a bellwether for the broader AI hardware cycle.
As one of the primary providers of memory chips for Nvidia’s data center GPUs, its financial health is closely watched by investors assessing the sustainability of AI capital expenditure.