Asian markets surged on June 25 after Micron Technology projected robust future demand during its fiscal third quarter earnings call. The chipmaker's shares rose sharply, boosting confidence in the AI trade. Falling oil prices added to the positive sentiment across regional bourses.
Micron Technology held its Q3 2026 post-earnings analyst call on June 24. Executives including Satya Kumar, Sumit Sadana, Manish Bhatia and Mark Murphy discussed forward-looking statements on market demand and supply.
The company's stellar sales forecast reignited investor optimism around AI chip demand and the memory chip market. US futures rose in tandem, mirroring the upbeat outlook.
Regional Asian bourses eased earlier concerns as a result. The moves came alongside declining oil prices, which offered additional relief to investors monitoring dollar strength and Treasury yields.
