Tech stocks live: Micron stock jumps over 12% on earnings beat after tumbling earlier this week

Tech stocks surged as Micron reported earnings that crushed estimates, effectively easing previous AI fears. Micron stock jumped over 12% following the earnings beat, reversing a downward trend from earlier in the week. This strong performance triggered a roar back for the AI trade across the market. Meanwhile, oil prices continued to fall as investors shifted focus back toward the technology sector following the positive financial results released by Micron.