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US stock market today: Micron’s blockbuster results spark chip-stock rally; Nasdaq futures surge 2.2%

As reported by mint - markets
Micron’s much-anticipated earnings offered signs that AI-led investments are generating healthy returns, helping ease valuation concerns. Meanwhile, Brent crude futures slipped another $1.45 a barrel to a four-month low of $72.42, while WTI crude futures fell $1.40 to $68.95 a barrel.
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Micron Technology reported blockbuster earnings, indicating strong returns from AI-led investments and alleviating valuation worries. This positive news triggered a rally in chip stocks and led to a significant 2.2% surge in Nasdaq futures. Concurrently, crude oil futures…

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