Micron's 15x profit explosion helped ignite a sharp rebound in AI stocks on Thursday, as the US chipmaker's blockbuster third-quarter results calmed bubble fears that had sparked a global sell-off only two days earlier.
The Idaho-based group, a key supplier of memory chips for artificial intelligence, reported net income of $28.24 billion and a 346% surge in revenue, sending Micron shares up more than 15% in after-hours and pre-market trading and lifting broader tech markets from London to Seoul.
