Amid the boom in artificial intelligence applications, chipmakers around the world are taking notice.
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Global semiconductor stocks surged after U.S. memory chip makers surged on Thursday. micron The company announced a better-than-expected earnings outlook, boosting its stock price.
Micron now expects sales of $8.7 billion, plus or minus $200 million, for the quarter ending in November, beating expectations of $8.28 billion, according to LSEG data.
Micron’s shares rose about 15% in after-hours U.S. trading on Wednesday.
In South Korea, shares in two major rivals, Samsung Electronics and SK Hynix, rose on Thursday, with Samsung closing more than 4% higher and SK Hynix up more than 9%.
SK Hynix got a boost from Thursday’s announcement. Mass production began The company has announced a new version of its high-bandwidth memory (HBM) chips and aims to ship them by the end of the year.
Both SK Hynix and Micron supply memory chips to Nvidia products designed for artificial intelligence processing in data centers, and HBM chips are considered key to AI.
Micron’s results underscored that demand for data-center chips remains strong as investors look for signs that AI stocks will continue to rally. Micron reiterated that it is sold out of its HBM chips for 2024 and 2025.
In Japan, Tokyo Electron 8%. Part of the increase was due to the company’s CFO Nikkei The company expects AI-related sales to grow about 15% this fiscal year to 690 billion yen ($4.8 billion).
SoftBank GroupThe company, which is the largest shareholder in semiconductor design company ARM, saw its shares rise more than 4%.
Optimism around Asian semiconductor stocks has also spread to Europe.
Dutch semiconductor equipment manufacturer ASML In Europe, it was up more than 4% in early morning trading. Asumi, Becoming a semiconductor and STMicroelectronics also increased significantly.
