Micron Technology’s shares rise following US government comments on Chinese-made chips, amid a wider surge in semiconductor demand driven by AI infrastructure development and shifting supply chains, despite mixed Wall Street performance.
Micron Technology rose after comments from the US commerce secretary urging Apple not to buy Chinese-made chips, adding to a session in which investor appetite for semiconductor shares remained tied to US-China trade risk and the build-out of artificial intelligence infrastructure. CNBC also linked the move to Bloomberg reporting that Anthropic’s preliminary second-quarter revenue topped $11.5bn, a sharp increase from a year earlier.
The gains came against a mixed backdrop on Wall Street. By the close on Monday, the S&P 500 had fallen 0.5 per cent and the Nasdaq Composite 0.3 per cent, while the Dow Jones Industrial Average added 0.5 per cent. Overseas, European equities edged lower, Oslo traded slightly firmer and several Asian markets advanced.
The AI theme has continued to reshape chip demand. CNBC said Anthropic’s annualised revenue run rate has now passed $65bn, up from a reported $40bn at OpenAI, underscoring how quickly spending on frontier models is scaling. TechRadar has separately reported that Anthropic accounted for 65.1 per cent of total spending through Vercel’s AI Gateway in July despite charging well above average token prices, suggesting that premium models are still attracting enterprise customers.
Microchip makers have also benefited from wider supply-chain and policy shifts. Reuters has previously reported that Micron plans to expand its US investment to more than $250bn by 2035, while market watchers say tighter access to Chinese supply can redirect demand towards US-linked producers. That dynamic has been reinforced by China’s booming integrated-circuit exports, which Tom’s Hardware said jumped sharply in value in the first half of 2026 as memory prices rose on strong AI demand and limited supply.
Outside equities, oil climbed 2.5 per cent to $90.8 a barrel as Middle East tensions remained elevated. US President Donald Trump told Fox News that the United States would bomb Oman if it stood in the way of the Iran war, without elaborating. The 10-year US Treasury yield rose slightly to 4.7 per cent.
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