June 24, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Course Of AI Rally

Please click here for a chart of Micron stock (MU).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of MU stock is being used to illustrate the point.
• Micron earnings will determine the course of the AI rally.  Micron earnings will be released Wednesday after the close.
• The chart shows a gap up after earnings release last quarter.  Bulls are expecting a similar gap up this time.  However, prudent investors know that earnings is a risk event and the results can go either way.