Asian Stocks Rally 1.5% as Micron’s 15% Jump Revives AI Trade
Updated
Updated · Bloomberg · Jun 25
Asian Stocks Rally 1.5% as Micron’s 15% Jump Revives AI Trade
3 articles · Updated · Bloomberg · Jun 25
Summary
MSCI’s Asia Pacific Index climbed 1.5% and South Korea’s Kospi surged as much as 6%, extending a regional rally after Micron’s upbeat forecast lifted chip and AI sentiment.
Micron shares soared about 15% after the close as the US memory-chip maker projected quarterly sales far above Wall Street estimates, reinforcing expectations that AI-driven demand remains strong.
US futures followed higher, with Nasdaq 100 contracts up 1.8% and S&P 500 futures rising 0.6%, while falling oil prices added another boost to risk appetite.
The move marks a stronger follow-through from earlier gains in the session, showing how chip earnings signals and easing energy prices are again steering global equity sentiment.