Record results from Micron, built on a $100 billion order backlog, eased fears over the AI rally and sent Asian equities sharply higher on Thursday.

South Korea's market tripped a circuit breaker, Nasdaq futures slid about 3%, and the AI trade that powered a year of gains went into sharp reverse. Here is what actually moved, and what it touches.

Micron has more than tripled in 2026 on sold-out AI memory. Its June 24 earnings will test whether a thousand-dollar share price has run ahead of the business.

The company that built the most profitable supply chain in technology says it can no longer shield buyers from soaring memory prices.

Locked out of China's GPU market by export controls, Nvidia is offering Chinese cloud companies its new Arm-based Vera processor instead, with first deliveries possible in August.