Micron

• Wall Street experienced mixed trading as AI-related stocks, including a surging Micron, offset losses from Apple following the company's decision to hike product prices. • New economic data revealed that U.S. consumer inflation accelerated to 4.1% last month, up from 3.8% in April, driven largely by earlier spikes in oil prices. • Despite the increase, the inflation figure aligned with economist expectations, preventing a broader market sell-off.

• South Korea's Kospi index surged more than 5 per cent on Thursday, June 25, leading a broader tech-driven rally across Asian markets. • The surge was triggered by a forecast-busting earnings report from U.S. chip giant Micron, which eased investor concerns regarding the sustainability of the AI investment boom. • Market gains were further supported by a significant plunge in oil prices, creating a more favorable environment for regional traders.

• Asian stock markets rallied as Micron Technology and SK Hynix saw significant gains driven by surging demand for AI memory chips. • Both companies are trending toward $1 trillion valuations, pushing regional indices to record highs. • SK Hynix is expanding its reach through a new ADR listing, providing U.S.-based institutional investors with a direct and liquid method to invest.

• South Korean stocks opened sharply higher on June 25, driven by significant gains in the semiconductor sector. • The rally was triggered by a stronger-than-expected earnings report from U.S.-based chipmaker Micron Technology. • This surge is critical as it boosts investor confidence in the global AI-driven chip market and supports major local tech firms.

• Micron reported record Q3 2026 revenue of $41.5B, a fourfold increase compared to the previous year, driven by the AI memory cycle. • The company secured 16 strategic "take-or-pay" agreements, locking in approximately $100B in minimum contracted revenue and $22B in upfront cash. • This structural shift in contracting aims to stabilize the volatile memory industry by ensuring guaranteed long-term demand.

• Asian stock markets rallied, with significant gains led by Japan and South Korea, following a positive outlook from Micron Technology that revitalized the AI trade. • Key semiconductor firms saw growth, including Hong Kong-listed SMIC and Hua Hong Semiconductor, which rose by 0.9% and 0.7% respectively. • Broad regional growth was evident as Indonesia’s Jakarta Composite Index surged 2.7%, the Philippines’ PSEi advanced 1.6%, and India’s Nifty 50 rose 0.9%.

• Asian equities surged on Thursday, with MSCI's broadest index of Asia-Pacific shares (excluding Japan) rising 1.3% in early trading. • The rally was driven by strong earnings and forecasts from chip giants Micron and Qualcomm, which eased investor fears regarding the sustainability of the AI boom. • Key financial highlights include Micron reporting $22 billion in customer commitments for memory chips and Qualcomm projecting $15 billion in data center sales by 2029.