Global equity markets rallied on Thursday, driven by a resurgence of investor confidence in the artificial intelligence sector following robust financial results from key US semiconductor manufacturers.
The broad-based advance in equities was anchored by unexpectedly strong quarterly performance from Micron Technology, which served as a catalyst for renewed buying interest across technology names.
European technology equities opened higher, mirroring the sentiment shift in US markets.
The positive reaction rippled through the sector, with investors interpreting Micron’s profit surge as a validation of sustained demand for memory chips essential to AI infrastructure.
This development helped reverse recent caution among traders who had been weighing the durability of the AI investment cycle.
The rally underscores the continued sensitivity of global tech valuations to earnings data from major hardware suppliers.