🟢 SEMI.AX is trading 3.9% up today on Micron’s earnings beat and strong AI memory guidance

SEMI.AX is trading 3.9% higher today following a relief rally in semiconductor shares triggered by Micron Technology’s earnings beat and robust AI-focused memory guidance.

• Micron’s results eased recent market fears regarding the profitability of AI infrastructure spending and the sustainability of the AI trade.
• The positive sentiment helped reverse a multi-day sector selloff, providing a significant boost to global semiconductor ETFs like SEMI.AX.