Qualcomm and Micron shares soar over 80% in a month on AI-driven demand surge.

Qualcomm and Micron shares have surged roughly 86% and 88% respectively over the past month, driven by strong AI semiconductor demand. Qualcomm's rally follows its fiscal Q2 earnings and new data center silicon shipments expected later this year, while Micron benefits from a memory supercycle with robust revenue and profit growth. Despite the strong fundamentals, the rapid price gains raise concerns about sustainability and potential sharp corrections. Upcoming events like Qualcomm's June 24 Investor Day and Micron's next earnings report will be key to validating these trends.