Semiconductor Stocks React Positively to Micron's Upbeat Outlook

about 1 month ago

Chloe Millay

"So, BE Semiconductor, for example, and ASML were in positive territory today. And that is because they were reacting to a very positive outlook for Micron technology over in the US. So, Micron makes computer memory chips and it provided a very upbeat outlook last night. It said that the AI rush, the AI boom was really a major benefit for them. And so, that is translating into a boost for some of those semiconductor equipment makers that are suppliers to Micron."

Semiconductor names such as BE Semiconductor and ASML are riding a positive wave after Micron announced an upbeat outlook, driven by the growing AI boom. The sentiment is buoyed by the expectation that increased chip demand will benefit their supply chains.

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