Micron lifted chip stocks in morning trading Thursday. The largest US maker of computer memory chips gave surprisingly strong sales and profit forecasts, helped by demand for artificial intelligence gear. Results from Micron’s fiscal fourth quarter also handily beat estimates.
Micron rose 17%; Nvidia, Broadcom, Qualcomm, and Arm rose 3%; TSMC and AMD rose 4%; ASML rose 5%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments