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Micron has given technology stocks exactly what they needed: a powerful earnings beat, strong guidance and renewed confidence that AI-driven demand for memory chips and data centres remains robust. The results triggered a rally across semiconductor stocks and lifted broader market sentiment after days of heavy selling.
But the real test is still ahead. Investors now turn their attention to the latest US GDP and PCE inflation data—the Federal Reserve's preferred inflation gauge. Will easing energy prices help cool inflation, or will another hot reading reinforce higher-for-longer interest rates and put fresh pressure on richly valued technology stocks?

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Technology stocks are under pressure as rising bond yields, elevated valuations and growing concerns over AI-related spending challenge one of the strongest market rallies in recent history.
The latest selloff has been particularly painful for memory-chip stocks, with Micron, Samsung and SK Hynix at the centre of the storm. After a spectacular AI-driven rally fuelled by booming demand for high-bandwidth memory (HBM) chips and data-centre investment, investors are beginning to ask whether expectations have become too optimistic.
Today, all eyes turn to Micron's earnings. Strong results are expected, but are they already fully priced in? More importantly, how will the...

Europe is catching a bid. Falling oil prices, easing inflation pressures and softer ECB expectations are improving the outlook for European equities just as cracks begin to appear in the technology trade. Concerns about excessive AI spending, rising debt issuance and stretched valuations are resurfacing, prompting investors to reassess whether the world's largest technology companies can generate returns that justify the enormous capital being deployed.
But can UK markets benefit from that rotation? Ten years after the Brexit referendum, the UK's economic challenges remain in focus as gilt investors assess the country's fiscal outlook amid the 7th leadership change in...

Markets are starting the week with an odd sense of optimism despite another roller-coaster weekend for Middle East diplomacy. One moment the Strait of Hormuz is open, the next it's closed, then open again, as US-Iran negotiations begin while geopolitical tensions remain elevated. Yet investors continue to focus on the possibility of a breakthrough.
Oil briefly rose above $78 per barrel before retreating, while Asian equities pushed higher on strong technology appetite, a weaker yen, and renewed enthusiasm around AI and robotics.
Micron reports earnings this week. With expectations running sky-high, investors will be looking for confirmation that the memory-chip...