U.S. stocks opened higher, with the Dow Jones Industrial Average up 0.5%, the S&P 500 up 0.4%, and the Nasdaq Composite up 0.4%. Micron Technology (MU.O) rose 1%, with its CEO stating that customer demand currently exceeds the company's supply by approximately 50%. Broadcom (AVGO.O) rose 1.6%, as the company seeks over $60 billion in debt financing to provide chip infrastructure for AI companies. Most popular Chinese concept stocks rose, with Beike (BEKE.N) up 4.9% after its earnings report, and NetEase (NTES.O) up 4.4%.