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 supported by strong buying interest across the technology complex, with memory and logic chip makers leading the advance.
2% in pre-market trading to signal sustained demand for tech shares.
US stock markets staged a sharp recovery, with Nasdaq futures jumping 2.2% in pre-market trading to signal sustained demand for tech shares.
The move reflects a shift in sentiment as investors digest recent earnings reports that have reaffirmed the durability of AI-related capital expenditure cycles.
Micron Technology emerged as a focal point of the rally, benefiting from the broader optimism surrounding data center build-outs and memory demand.
The rebound comes after a period of volatility in the sector, where concerns over valuation and supply chain dynamics had weighed on prices.