SMH.L is trading $118.36 (+3.61%) higher following Micron’s record fiscal Q4 results and stronger outlook, which reinforced confidence in AI-driven memory and chip demand.

  • Micron reported $54.23 billion in revenue.
  • Semiconductor shares rallied broadly, with chip stocks leading the October 2 market advance after weaker U.S. jobs data eased rate-hike concerns and yields fell.