MU

Shares of semiconductor manufacturing equipment maker KLA Corporation (NASDAQ:KLAC) jumped 6.6% in the afternoon session after Micron's blowout day signaled that AI-driven chip demand is structurally undersupplied which is bullish news for the equipment makers and foundries that build the capacity.

Samsung widens its DRAM lead in a record $97B AI memory boom. Read Counterpoint's latest semiconductor market report.

S&P 500 futures added 0.1% and contracts tied to the tech-heavy Nasdaq 100 also climbed 0.1%. Both the S&P 500 and the Nasdaq hit records the previous session, powered higher by memory-chip maker Micron Technology and flash-memory product supplier Sandisk. The Dow closed in the red, spoiling the blue-chip index’s 130th birthday.

A number of stocks jumped in the afternoon session after Micron's blowout day signaled that AI-driven chip demand is structurally undersupplied which is bullish news for the equipment makers and foundries that build the capacity.

A number of stocks jumped in the afternoon session after Micron's blowout day signaled that AI-driven chip demand is structurally undersupplied which is bullish news for the equipment makers and foundries that build the capacity.

With tech 'on a tear,' Morgan Stanley's Kathleen Entwistle says to diversify into SLB, gold, and real assets to hedge against inflation.

A number of stocks jumped in the afternoon session after Micron's blowout day signaled that AI-driven chip demand is structurally undersupplied which is bullish news for the equipment makers and foundries that build the capacity.