Investing.com– Japanese chip stocks surged on Thursday, tracking a stronger-than-expected outlook from U.S. memory-chip maker Micron Technology (NASDAQ:MU) and renewed optimism over AI-related semiconductor demand. <\/p>\n
Before you buy NVIDIA: our AI model’s stock picks are beating the market by 120%+. See the list now \u00bb<\/a> <\/p>\n Advantest Corp (TYO:6857) jumped nearly 8% by 04:16 GMT, while Lasertec (TYO:6920) shares surged 10%. <\/p>\n TDK Corp (TYO:6762) rose 5.5%, and Taiyo Yuden (TYO:6976) climbed 8.3%. Murata Mfg (TYO:6981) advanced 7.4%. <\/p>\n Not finding the right stocks? Our AI’s list of investor-grade stock picks for October just dropped \u00bb<\/a> <\/p>\n Kioxia Holdings (TYO:285A) shares rose 4.6%, while Tokyo Electron (TYO:8035) added 6%, and Rohm Ltd (TYO:6963) gained 4%. <\/p>\n The gains followed Micron’s fiscal fourth-quarter results and outlook, which pointed to strong AI-driven demand. Micron reported quarterly revenue of $54.23 billion and forecast first-quarter revenue of $61.5 billion, above market expectations. <\/p>\n Micron also said long-term supply agreements had risen to $32 billion from $22 billion in June, while demand for high-bandwidth memory used in AI data centres continued to outstrip available capacity. <\/p>\n The rally helped lift Japan’s Nikkei 2.8% to 68,606.81 points, with gains concentrated in AI and semiconductor-related shares. <\/p>\n Original Article <\/p>\n Japanese chipmakers rally as Micron earnings boost AI trade<\/a> <\/p>\n U.S. stock futures extend gains, Nasdaq up 1% following strong Micron earnings<\/a> <\/p>\n