US stocks plunge in global tech rout

US stocks experienced a global tech rout, but Micron Technology Inc. triggered a rebound with a significant profit surge. The chipmaker's strong quarterly results and solid forecast reinforced investor confidence regarding demand for artificial intelligence-related chips. This development highlighted the strategic importance of memory in AI, leading traders to abandon fears of an AI bubble. Consequently, US stock futures jumped as the market responded positively to the increased potential for investment and competition in the sector.