Micron Surges as Global Memory Chip Shortage Boosts Profit Forecast

Micron surges as global memory chip shortage boosts profit forecast

Wall Street Closes Higher Fueled by Tech Rally, Soft Inflation Data

Wall Street’s main indexes closed higher on Thursday as a soft inflation report fed expectations for interest rate cuts by the Federal Reserve, while chipmaker Micron’s blowout forecast signaled strong AI demand. The Consumer Price Index report showed that consumer prices increased less than expected in the year to November. The Labor Department’s Bureau of Labor Statistics did not publish month-to-month CPI changes after the 43-day shutdown of …