June 27, 2024

By Nigam Arora & Dr. Natasha Arora

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

AI Expectations

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.
• MU has become a favorite AI stock of Wall Street.
• The chart shows that MU stock has fallen after earnings.
• MU reported good earnings, but the stock fell because Micron’s guiding revenue is inline with consensus.  Whisper numbers were for MU to guide higher than the consensus.