Japanese chipmakers rally as Micron earnings boost AI trade
Japanese chip stocks experienced a surge on Thursday, mirroring a robust forecast from U.S. memory-chip manufacturer Micron Technology (NASDAQ:MU) and growing confidence in AI-related semiconductor demand. Advantest Corp (TYO:6857) experienced a near 8% increase by 04:16 GMT, while Lasertec (TYO:6920) shares climbed 10%. TDK Corp (TYO:6762) rose 5.5%, and Taiyo Yuden (TYO:6976) gained 8.3%.
Murata Mfg (TYO:6981) advanced 7.4%, alongside Kioxia Holdings (TYO:285A) which saw a 4.6% rise. Tokyo Electron (TYO:8035) added 6%, and Rohm Ltd (TYO:6963) increased by 4%. The positive movement followed Micron's fiscal fourth-quarter results and outlook, which outperformed market expectations. Micron disclosed quarterly revenue of $54.23 billion and projected first-quarter revenue of $61.5 billion, surpassing expectations.
Moreover, the firm highlighted long-term supply agreements expanding to $32 billion from $22 billion in June, as AI data centers continue to outstrip available capacity for high-bandwidth memory. This rally contributed to Japan's Nikkei climbing 2.8% to 68,606.81 points, with gains primarily in AI and semiconductor-related shares.
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