S&P 500 and Nasdaq rise 0.1% as tech rebounds and Micron shares climb 4% ahead of earnings

Micron Technology is set to report earnings after the close, with its shares up about 4% in premarket trading after a 13% drop the prior session. TD Cowen analyst Joshua Buchalter said pricing has been stronger than expected and demand for AI computing continues to outstrip supply, easing concerns over margins. The setup is being watched as a near-term catalyst for semiconductor stocks, with potential spillover to Micron and parts of the AI hardware chain.

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