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Asia Stocks Jump With US Futures on Micron Outlook: Markets Wrap

Asian markets rallied as Micron Technology provided a strong sales outlook, easing concerns over artificial intelligence demand. South Korean chip shares saw significant gains, and US stock futures rose in response. The rally was driven by high demand for high-bandwidth and conventional memory chips.

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What changed

Micron's forecast and AI-related deals triggered a broad tech rally across Asia and US futures.

Live updates

  1. Asian Stocks and US Futures Surge on Micron AI Forecast

    Asian markets rallied as Micron Technology provided a strong sales outlook, easing concerns over artificial intelligence demand. South Korean chip shares saw significant gains, and US stock futures rose in response. The rally was driven by high demand for high-bandwidth and conventional memory chips.

    What's confirmed:

    • Asian stocks surged following Micron Technology's strong sales forecast.
    • US stock futures rose after the Micron outlook.
    • South Korean chip shares surged due to AI-related demand.
    • Demand for high-bandwidth and conventional memory chips exceeds supply.

    Still unconfirmed:

    • Micron secured $22 billion in AI deals.
    • The Kospi index surged 5% in early trade.
    • The MSCI Asia Pacific Index rose over 1%.
    • Nasdaq 100 contracts rose almost 2% while S&P 500 contracts rose 0.5%.
    • The KRX issued a buy-side sidecar for the KOSPI.
    confidence 90%