US stock markets staged a sharp recovery on Thursday, driven by a resurgence in technology shares and a broader risk-on sentiment.
Nasdaq futures surged 2.2% in pre-market trading, signaling strong buying interest ahead of the open.
The move marks a decisive shift from the severe sell-off in semiconductor stocks that plagued Wall Street the previous day, as investors digested fresh data on both corporate earnings and macroeconomic stability.
The catalyst for the tech rally was Micron Technology, whose blockbuster earnings report provided tangible evidence of accelerating demand for memory chips in artificial intelligence applications.
The memory chip giant’s results helped reverse the brutal session for semiconductor equities, with the stock posting a significant rebound.
This performance has reignited investor confidence in the hardware supply chain supporting the AI boom, suggesting that the recent volatility in the sector may have been an overreaction to broader market jitters.