Micron Sparks Rally in Japanese Semiconductor Stocks with Strong Demand Forecast

Shares of Japanese chipmakers surged, driven by optimistic forecasts from Micron Technology regarding demand for AI-related semiconductors.

Lasertec shares rose nearly 10%, Advantest by 8%, and Taiyo Yuden by 8.3%, while Tokyo Electron climbed 6% and TDK rose 5.5%.

The gains followed Micron’s announcement of quarterly revenue of $54.23 billion and a forecast of $61.50 billion for the upcoming quarter, both exceeding market expectations. Long-term supply agreements also rose to $32 billion, alongside sustained strong demand for high-bandwidth memory used in AI data centers.

Gains in the semiconductor sector pushed the Nikkei index up by approximately 2.8% to 68,606.81 points.