Micron, Qualcomm shares surge after strong quarter, new chip deals

Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally

Micron +12% on earnings beat; Qualcomm targets $15B data center revenue by 2029—powering $400B chip rally. AI infrastructure spending is confirming sustained memory/storage demand, validating tech budget and procurement roadmaps for the next capex cycle.