US Stock Market: Micron earnings to test strength of AI-fuelled Wall Street rally

Wall Street indices continue to hover near record highs on the back of resilient corporate earnings, robust AI infrastructure spending, and easing geopolitical concerns. Micron, one of the biggest beneficiaries of the AI boom with shares up nearly 300 percent this year, is set to report earnings that will offer insights into memory chip demand for AI servers and data centres. Investors are also watching the US Federal Reserve's preferred inflation gauge and the final first-quarter GDP estimate, while AI infrastructure spending is projected to exceed 700 billion dollars this year.