Micron Technology has reported its fourth-quarter earnings, showcasing a significant profit of $887 million, driven by robust demand for AI applications. This positive outlook propelled Micron's stock, which surged 15% in after-hours trading, helping boost sentiment across the broader chip market. Analysts have upgraded their price targets following the earnings report, signaling optimism about Micron's strategy to capitalize on the rising demand for memory driven by AI technologies. The strong performance has lifted other major semiconductor stocks, with industry giants like Nvidia, Intel, and AMD benefiting as well. Futures for major indices like the S&P 500 and Nasdaq rallied on the news, further fueled by fresh stimulus buzz from China. Overall, the market is responding positively to Micron's guidance, predicting record levels of revenue for 2025 and a new wave of server consolidation.