Asian stocks jump as Micron outlook revives AI chip rally

Asian stocks rallied Thursday after Micron Technology projected quarterly sales well above Wall Street estimates, calming fears that the AI-driven chip boom was losing steam. South Korea’s Kospi surged nearly 5%, led by SK hynix, which jumped about 12% to 13%, while Samsung Electronics gained more than 5%. Japan’s Nikkei rose more than 4%, with chip-linked names such as Advantest and Tokyo Electron higher. The rebound followed a bruising two-day sell-off in regional tech shares. US stock futures also climbed, with Nasdaq 100 contracts up almost 2%. Lower oil prices added support after Brent fell below pre-war levels on signs of rising supply and progress in US-Iran talks.