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Asian markets rally again as rate cut hopes bring Christmas cheer [Yahoo! Finance]
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations: investors.micron.com
Data showing US unemployment rising and inflation slowing gave the Federal Reserve more room to lower borrowing costs and provided some much-needed pep to markets after a recent swoon. That was compounded by a blockbuster earnings report from Micron Technologies that reinvigorated tech firms. The sector has been the key driver of a surge in world markets to all-time highs this year owing to huge investments into all things artificial intelligence but that trade has been questioned in recent months, sparking fears of a bubble that could pop. With few catalysts to drive gains on Wall Street, tech was again at the forefront of buying Monday, with chip titan Nvidia and Tesla leading the way. "The amount of money being thrown towards AI has been eye-watering," wrote Michael Hewson of MCH Market Insights. He said the vast sums pumped into the sector "has inevitably raised questions as to how all of this will be financed, when all the companies involved appear to be playing a game
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