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EN590 Commodities GroupMarket Analysis 2026-06-25T00:19:32+00:00
June 25 (Reuters) - Global chip stocks surged on Thursday 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% to a record high after it forecast quarterly profit and revenue well above expectations. The company, whose shares have more than tripled in value so far this year, also said its customers had committed $22 billion to lock in supplies of memory chips, underscoring how AI-driven demand is tightening the market. The stock added roughly $189 billion in market value at a price level of $1,216.8, taking its total market capitalization to $1.39 trillion. It also briefly surpassed
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