Global semiconductor equities surged on Thursday, driven by a resurgence of investor confidence in the artificial intelligence sector following robust financial results from key US manufacturers.
The broad-based rally was anchored by Micron Technology, whose shares climbed sharply in extended trading after the memory chip maker reported quarterly results that exceeded Wall Street expectations.
Micron attributed the strong performance to rapidly rising demand for high-bandwidth memory used in data centers.
The company's beat-and-raise dynamic provided a fresh catalyst for a sector that has been consolidating, signaling that the capital expenditure cycle for AI infrastructure remains intact and accelerating.
The positive sentiment from Micron's report rippled across the wider semiconductor complex, lifting peer names and reinforcing the narrative that AI-driven demand is translating into tangible earnings growth.
Investors appear to be repricing the sector based on confirmed revenue momentum rather than speculative future adoption.