Tech stocks live: AI trade roars back after Micron earnings crush estimates

Micron's blowout earnings have reignited investor appetite for artificial intelligence stocks after weeks of selling pressure, signaling that the market's pessimism about AI's near-term profitability may have been premature. The chipmaker's results suggest that the voracious data center demand driving the AI boom is translating into real revenue and earnings growth, not just hype, potentially validating the massive capital expenditures that tech giants have committed to building out their AI infrastructure. For investors who have grown skittish about whether AI's promise will ever justify the stratospheric valuations, Micron's numbers offer a rare piece of concrete evidence that the bet may still pay off.

Yahoo Finance·4d ago