SMH.L is trading at $117.74, up +3.06%, as Micron’s record fiscal Q4 results and stronger-than-expected revenue outlook renewed confidence in AI-driven chip demand. - Semiconductor stocks rallied broadly after the report, making it a sector catalyst rather than a move tied only to one holding. - Easing from recent Treasury-yield highs offered some relief to equities; the broader U.S. market was modestly higher. - The supplied quote is live/pre-market context; no volume data was provided.