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The Economic Times
The Economic Times

Global chip stocks surge as blowout Micron results reignite AI rally

Global chip stocks surged on Thursday after Micron Technology's blockbuster results reignited the AI-driven rally, as investors grew more confident about persistent demand and tightening supply.

Micron, a key supplier for Nvidia's AI chipsets alongside South Korean chipmakers, surged more than 17% in U.S. premarket trading after it forecast quarterly profit and revenue well above expectations.

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