🟢 Tech ETF (XLK) is trading 1.57% up on Micron’s record revenue and upbeat outlook

XLK is trading at $200.92, up 1.57%, as AI-hardware demand lifted semiconductor sentiment.

• Micron’s record fiscal Q4 revenue of $54.23 billion and upbeat outlook were fueled by AI-hardware demand.
• September payrolls rose only 29,000, while unemployment reached 4.2%, easing rate-hike concerns and supporting growth stocks.
• Broader markets also advanced; the Nasdaq was up 1.65%, reflecting tech-sector momentum and a wider risk-on response.