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Stocks Get a Boost From Micron Outlook, Lower Oil: Markets Wrap

Global equities rebounded after Micron Technology issued a strong sales forecast, restoring investor confidence in the AI trade. Brent crude prices declined as peace talks between the US and Iran progressed. Tech shares surged across US and Asian markets following the news.

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What changed

Strong AI-related demand forecasts from Micron and a drop in oil prices reversed a recent technology-led selloff.

Live updates

  1. Micron Outlook and Falling Oil Prices Lift Global Stocks

    Global equities rebounded after Micron Technology issued a strong sales forecast, restoring investor confidence in the AI trade. Brent crude prices declined as peace talks between the US and Iran progressed. Tech shares surged across US and Asian markets following the news.

    What's confirmed:

    • Micron Technology shares rose after a sales forecast exceeded expectations due to AI-fueled component shortages.
    • Brent crude oil prices fell below $74 per barrel as peace talks advanced.
    • South Korean chip shares and broader Asian stocks rose following Micron's outlook.
    • US stock futures for the S&P 500 and Nasdaq 100 increased.
    • Micron predicts memory-chip shortages will last until at least 2028.

    Still unconfirmed:

    • Two Google AI researchers are leaving for Anthropic.
    • Anthropic accused Alibaba of orchestrating a massive campaign.
    confidence 90%