Global chip stocks jump as blowout Micron results reignite AI rally

Global chip stocks surged on Thursday (June 25) after Micron Technology's blockbuster results reignited the AI-driven rally, as investors grew more confident about persistent demand and tightening supply.Micron, a key supplier for Nvidia's AI chipsets alongside South Korean chipmakers, surged more than 17 per cent to a record high after it forecast quarterly profit and revenue well above expectations.The company,...