4h ago
Micron cites $22 billion chip commitments, Qualcomm targets $15 billion data-center sales by 2029 as Asian tech stocks rally
Asian tech stocks jumped after Micron Technology said it had secured $22 billion in memory chip commitment orders and Qualcomm forecast $15 billion in data-center business sales by 2029. Japan’s Nikkei rose more than 2%, South Korea’s KOSPI gained 5.5%, and MSCI’s Asia-Pacific ex-Japan index added 1.3%. Nasdaq futures climbed 1.8% and S&P 500 futures rose 0.5%. Oil prices fell on easing geopolitical tensions, a move not directly tied to the tech-led market rally.