SEMI.AX is trading at A$46.73 (+3.87%) after Micron’s strong Q3 FY2026 earnings beat and raised AI guidance triggered a broad rebound in global semiconductor names.
- The move helps offset a recent two-day chip slump, easing sector stress as global semiconductor stocks benefit from improved risk appetite.
- Broader tech optimism is further supported by stronger U.S. futures and resilient macroeconomic data, providing a favorable backdrop for growth-oriented ETFs.