🟢 SEMI.AX is trading 3.9% up today after Micron’s strong AI-driven earnings beat

SEMI.AX is trading up about 3.9% following a sharp rebound in global chip stocks after Micron Technology reported a strong earnings beat and bullish guidance on AI-related memory demand.

• The upbeat outlook has eased recent market fears regarding an AI semiconductor downturn and sparked broad buying across the sector.
• The move reflects improving investor sentiment toward AI infrastructure spending and the memory chip market.
• Micron’s results have lifted key global semiconductor indices, directly boosting this concentrated chip ETF.