By Alun John and Ankur Banerjee
LONDON/SINGAPORE, June 25 (Reuters) - Stocks surged on Thursday after strong earnings and forecasts from chipmakers Micron and Qualcomm helped reignite the AI rally, while the dollar sat around a one-year high against peers despite a fall in oil and Treasury yields.
Tech-heavy Asian markets rose sharply after Micron said its customers had committed $22 billion for its memory chips, while Qualcomm anticipates $15 billion in sales from its data centre business by 2029,
Micron shares rose 17% in premarket trading and Qualcomm 12%.
Japan's Nikkei jumped 4.6%, South Korea's KOSPI gained 5.4%, while futures on the U.S. tech-heavy Nasdaq 100, which includes both Micron and Qualcomm, gained 2.1%.
LONDON/SINGAPORE, June 25 (Reuters) - Stocks surged on Thursday after strong earnings and forecasts from chipmakers Micron and Qualcomm helped reignite the AI rally, while the dollar sat around a one-year high against peers despite a fall in oil and Treasury yields.
Tech-heavy Asian markets rose sharply after Micron said its customers had committed $22 billion for its memory chips, while Qualcomm anticipates $15 billion in sales from its data centre business by 2029,
Micron shares rose 17% in premarket trading and Qualcomm 12%.
Japan's Nikkei jumped 4.6%, South Korea's KOSPI gained 5.4%, while futures on the U.S. tech-heavy Nasdaq 100, which includes both Micron and Qualcomm, gained 2.1%.
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