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The Economic Times
The Economic Times

US Stocks | Nasdaq futures surge 2% as chip outlook calms AI jitters; inflation data awaited

Nasdaq Micron United States Inflation Qualcomm Ipek Ozkardeskaya Memory Interest Rates US Federal Reserve

U.S. stock futures ​advanced on Thursday, with the Nasdaq gaining over 2% as strong forecasts from Micron and Qualcomm renewed AI optimism ahead of key inflation data later in the day.

Micron and Qualcomm signaled robust demand for AI infrastructure, with customers committing $22 billion to secure Micron's memory chips and Qualcomm forecasting $15 billion in data centre revenue by 2029.

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