Business & Finance
US Tech Stocks Set to Rally as Micron Outlook Fuels AI Optimism
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US Tech Stocks Set to Rally as Micron Outlook Fuels AI Optimism US stock futures jumped as Micron Technology Inc.’s solid forecast reinforced confidence about demand for artificial intelligence-related chips. Contracts for the Nasdaq 100 soared 2.1% as of 5:40 a.m. in New York, while those for the S&P 500 rose 0.7%. Micron, the largest US maker of computer memory chips, surged 17% in premarket trading.
US Tech Stocks Set to Rally as Micron Outlook Fuels AI Optimism
US stock futures jumped as Micron Technology Inc.’s solid forecast reinforced confidence about demand for artificial intelligence-related chips.
Contracts for the Nasdaq 100 soared 2.1% as of 5:40 a.m. in New York, while those for the S&P 500 rose 0.7%. Micron, the largest US maker of computer memory chips, surged 17% in premarket trading.