Chip stocks surged on Wednesday, adding over $400 billion in market value, fueled by optimistic forecasts from Micron Technology and Qualcomm. Micron's strong outlook for memory chips and Qualcomm's ambitious data center growth targets reignited investor confidence in the AI trade. This positive sentiment boosted rivals and equipment suppliers, signaling a robust demand for AI-driven hardware and infrastructure.
Micron Technology and Qualcomm's optimistic forecasts sparked a significant rally in US chip stocks on Wednesday. The sector collectively gained over $400 billion in market value, driven by strong outlooks for memory chips and ambitious AI data center growth targets. This surge…
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