German, Austrian chip stocks gain after Micron's upbeat forecast, revenue beat
BUZZ-German, Austrian chip stocks gain after Micron's upbeat forecast, revenue beat ** Shares in German and Austrian semiconductor companies rise in pre-market trading after memory-chip maker Micron Technology MU.O forecast Q1 revenue above estimates and posted a Q4 revenue beat
** A local trader says Micron gave a bullish AI-memory demand outlook, describing the Q4 results as "strong"
** "Sentiment positive for AI-related power and tech names," the trader adds
** Suss MicroTec SMHNn.DE and AT & S ATSV.VI are up 2.5% and 3%, respectively
** Siltronic WAFGn.DE, Aixtron AIXGn.DE and Infineon IFXGn.DE rise between 1.5% and 2%
** Aixtron and Infineon both seen at the top of their respective indices: Germany's mid-cap MDAXI and blue-chip .GDAXI
(Reporting by Ozan Ergenay)
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