OPENAI’S STARGATE MASSIVE MEMORY DEAL WITH KOREANS SPARKS MORE FRENZY IN AI TRADE AND OVERSHADOWS GOVERNMENT SHUTDOWN
By Nigam Arora
To gain an edge, this is what you need to know today.
Stargate Memory Deal
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.
- The chart shows that MU stock initially fell in the premarket because its South Korean competitors announced a big deal with OpenAI, maker of ChatGPT. Micron was not included.
- The chart shows a huge up move in MU stock when investors realized that even though Micron was not included in the deal, memory is a commodity, and as such, Micron will benefit due to supply constraints.
October 2, 2025