
Nasdaq 100 futures climbed 2% on Thursday after Micron Technology’s strong earnings outlook reinforced optimism surrounding the artificial intelligence sector. S&P 500 futures advanced 0.6%, while Dow futures added 0.1%. In after-hours trading, Micron shares soared more than 15% after the memory-chip maker posted fiscal third-quarter results that exceeded expectations and forecast current-quarter revenue of $50 billion, sharply higher than $11.3 billion a year earlier and above analysts’ estimate of $43.58 billion. Qualcomm also rallied 13% after lifting its fiscal 2029 non-handset revenue target to $40 billion from a previous forecast of $22 billion. Other semiconductor-related stocks moved higher as well, including Sandisk, Western Digital, Marvell Technology, Applied Materials, and Lam Research. Investors are now awaiting the latest PCE price index report, the Federal Reserve’s preferred measure of inflation.

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