Semiconductor stocks especially linked to artificial intelligence led by Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Intel Corp (NASDAQ:INTC), Broadcom Inc (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Arm Holdings Plc (NASDAQ:ARM), Qualcomm Inc (NASDAQ:QCOM) are trading higher Thursday in sympathy with Micron Technology, Inc’s (NASDAQ:MU).
Micron’s upbeat fourth-quarter performance is pushing the sector higher. AI server company Super Micro Computer, Inc (NASDAQ:SMCI) has also gained momentum.
On Wednesday, Micron reported quarterly revenue of $7.75 billion, up by 93%, beating the analyst consensus of $7.64 billion. This was driven by a strong ramp of its data center DRAM and high-bandwidth memory products.
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