BUZZ - Micron issues optimistic forecast and beats revenue expectations, German and Austrian chip stocks surge

October 1 - ** Shares of German and Austrian semiconductor companies rose in premarket trading after memory chip maker Micron Technology MU.O forecasted (link) first-quarter revenue above expectations and fourth-quarter revenue that exceeded market forecasts

** A local trader said that Micron gave an optimistic outlook for AI memory demand and described its fourth-quarter performance as “strong”

** “The market is optimistic towards power management and technology stocks related to artificial intelligence,” the trader added

** Shares of Suss MicroTec SMHNn.DE and AT & S ATSV.VI rose by 2.5% and 3%, respectively

** Siltronic (WAFGn.DE), Aixtron (AIXGn.DE), and Infineon (IFXGn.DE) saw gains between 1.5% and 2%

** Both Aixtron and Infineon led their respective indexes: the German mid-cap index MDAXI and the blue-chip index .GDAXI

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