Shares in OEM AB climbed in early trading after the Swedish technology distributor reported quarterly sales and profitability that exceeded market expectations.
The Stockholm-listed company’s results provided a positive signal for the distribution segment, which has been riding the wave of renewed demand in the semiconductor supply chain.
2% as investors reacted to the blockbuster earnings from Micron, which provided fresh evidence that artificial intelligence-driven demand remains resilient.
The beat comes at a time when sentiment across the chip sector is buoyant.
A robust quarterly performance from Micron Technology recently served as a catalyst for a broader rally in semiconductor equities, lifting investor confidence in the memory chip maker and its peers.
US stock futures posted solid gains on Thursday, with Nasdaq futures jumping 2.2% as investors reacted to the blockbuster earnings from Micron, which provided fresh evidence that artificial intelligence-driven demand remains resilient.
OEM’s ability to deliver above-consensus figures suggests that the tailwinds from the broader tech upcycle are filtering through to distributors.