Global chip stocks rallied on Thursday after U.S. memory semiconductor maker Micron posted revenue guidance that topped expectations and boosted its share price.Dutch semiconductor equipment maker ASML rose more than 4% in early trade in Europe. Other names including ASMI, Be Semicondcutor and STMicro were also sharply higher.for its quarter ending at the end of November of $8.7 billion, plus or minus $200 million, ahead of estimates of $8.28 billion, according to LSEG data.
Micron's earnings highlighted that demand for data center chips are still strong as investors look for signs on whether a rally in AI-related stocks will continue. Micron reiterated that its HBM chips are sold out for 2024 and 2025.
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