Lates News

Semiconductor stocks in the US soared after-hours trading on Wednesday. Micron Technology, the largest computer memory chip manufacturer in the US, saw its stock price surge by 15% after-hours, as its performance and forecast exceeded expectations and boosted investors' confidence in the future of the artificial intelligence industry. As of Wednesday's close, Micron's stock price has already risen by approximately 270% this year. Boosted by Micron's performance, Qualcomm's stock price also saw a 15% increase at one point. During an investor day event held on Wednesday, Qualcomm made a series of positive comments on the growth prospects in the artificial intelligence sector. Qualcomm stated that its expansion in the data center chip sector will bring in "billions of dollars" in revenue for the fiscal year starting in October.