Tech sector drives US markets: Why AI stocks are taking off this week

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The US stock markets are showing a bullish stance at the start of the week. Especially the technology sector is providing momentum to investors’ portfolios. The focus is on a strong signal from the semiconductor industry: chip manufacturer Micron impresses with an optimistic outlook for the upcoming business periods.

Micron and M&A Activities as Catalysts

The positive sentiment is supported by two key factors. On the one hand, Micron’s promising forecast restores market confidence in the demand dynamics of the AI sector. On the other hand, ongoing acquisitions and mergers are fueling institutional investors’ willingness to buy. This M&A wave indicates consolidation processes that ensure price stability.

Technical Support in Focus

From a technical perspective, AI indices show stable support levels. Chart technicians observe that support zones like the talus area continue to serve as retreat zones, emphasizing the stability of the upward trend. The combination of fundamental positive news and solid technical condition could further promote the upward movement in the upcoming Christmas week.

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