Micron's blockbuster quarterly report — with revenue surging as demand for high-performance memory tied to AI remains strong — helped spark a broad tech rebound and revived the AI trade. The report eased investor worries about the sustainability of AI-driven growth and lifted major U.S. indexes, while traders continued to weigh oil prices and macro risks. The earnings beat also lifted peers such as Sandisk and Western Digital, amplifying the sectorwide rebound.
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