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Chip stocks have surged – but is the market pricing in too bright a future? Janet Mui, Head of Market Analysis, analyses Micron’s earnings, the semiconductor rally and fresh U.S. inflation data.
Markets in a Minute is produced by RBC Brewin Dolphin.
Key Highlights
Oil prices fell sharply:
Shipping through the Strait of Hormuz is gradually recovering, easing concerns over a prolonged energy supply shock.
Continued resilience in the U.S. economy:
Stronger -than -expected consumer spending and income reinforced the Federal Reserve (the Fed)’s hawkish stance
Micron’s blowout earnings:
Memory has emerged as a key bottleneck in the AI build -out, supporting exceptional profitability for suppliers.
