Investor interest in semiconductor names intensified as traders described AI-related memory requirements as 'insatiable', prompting rotation into companies supplying high-bandwidth DRAM. This renewed focus on AI workloads follows signs of increased server purchases for machine-learning applications.

Micron saw elevated trading volume after analysts adjusted DRAM revenue estimates higher, citing stronger orders from hyperscale data centers. The company’s near-full wafer fab utilization suggests revenue upside if demand persists through the second half of the year.