German and Austrian chip stocks gain after Micron's upbeat forecast, revenue beat
SMH•German and Austrian semiconductor shares rose in pre-market trading after Micron forecast first-quarter revenue above estimates and beat fourth-quarter revenue estimates. Suss MicroTec gained 2.5%, AT&S rose 3%, and Siltronic, Aixtron and Infineon advanced between 1.5% and 2%.
1. Chip shares rise
German and Austrian semiconductor shares rose in pre-market trading after Micron Technology forecast first-quarter revenue above estimates and posted a fourth-quarter revenue beat. A local trader described Micron's results as “strong” and said the company gave a bullish outlook for AI-memory demand.
2. Company moves
Suss MicroTec rose 2.5% and AT&S gained 3%. Siltronic, Aixtron and Infineon advanced between 1.5% and 2%; Aixtron and Infineon were seen at the top of Germany's MDAX and blue-chip indices, respectively.
