Dow Jones Top Markets Headlines at 3 AM ET: Asian Stocks Rise After Micron Earnings Ease AI Fears | Micron's ...

Asian stocks rose after Micron’s earnings eased concerns about AI, with semiconductor-heavy markets leading gains following an earlier selloff. Micron’s after-hours rally pushed Nasdaq futures higher, supporting the mood for traders. The report also highlighted the data-center boom, noting demand for memory chips is driving higher prices and raising questions about whether AI productivity benefits will arrive fast enough to temper inflation. In macro news, German consumer sentiment stabilized at a subdued level, while a hawkish member of the Bank of Japan said policy should be raised steadily toward 2% and potentially accelerated if inflation risks intensify. U.S. oil futures settled at the lowest level since the start of the Iran War, aided by reports of more tankers transiting the Strait of Hormuz alongside a pause in hostilities. Separately, U.S. crude inventories fell 6.1 million barrels for a ninth straight decline.