2h ago
Tech rebound lifts Japan and South Korea stocks as Qualcomm jumps 12% and Micron nearly 16%; oil slips
Qualcomm rose 12% in after-hours trading after lifting its full-year revenue forecast to $40 billion from $22 billion and unveiling the Dragonfly C1000 data-center CPU that Meta plans to use. Micron Technology added nearly 16% after raising its outlook and beating analysts’ estimates. The earnings-driven move pushed chip-related shares higher across Asia, lifting Tokyo Electron 7.1%, Advantest 13.4%, Samsung Electronics 5.4% and SK Hynix 11.6%, with the Nikkei 225 up 4.1% and South Korea’s Kospi setting a record. Among the U.S. tech names cited, only Micron and Qualcomm are presented as direct, fresh, above-expectations earnings catalysts.