Buying is expected to dominate today's stock market as expectations for U.S. rate hikes recede and the second half begins. Micron, a major semiconductor company, forecast revenue above market expectations for the first quarter of fiscal 2027, suggesting that concerns over weak demand for AI memory may be receding.
Micron Technology, a major semiconductor company, forecast revenue for the first quarter of fiscal 2027 (September-November) above market expectations, and it emerged that customers' funding commitments under long-term supply agreements would increase to $32 billion. This suggested that demand for AI memory semiconductors had not weakened.
At the same time, reports said that the Federal Trade Commission (FTC) was investigating major AI companies including Anthropic over the risk of uncontrolled behavior, putting developments related to regulation and safety in the AI industry in focus.