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Investing.com-- Japanese chip stocks surged on Thursday, tracking a stronger-than-expected outlook from U.S. memory-chip maker Micron Technology (NASDAQ:MU) and renewed optimism over AI-related semiconductor demand.
Investing.com-- Asian stocks were mostly higher on Thursday, with Japanese chipmakers leading gains after strong results from Micron Technology, while softer-than-expected U.S. inflation data eased expectations of another Federal Reserve rate hike this month.
Asian shares mostly rose in early Thursday trading amid investor interest in technology-related issues, despite ongoing worries about the war in Iran. In Tokyo trading, issues expected to get a boost from the solid demand in computer chips and AI-related growth have been rising in recent sessions, including Advantest Corp., Tokyo Electron and SoftBank Group Corp.
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