MAKE OR BREAK FOR AI TRADE – MICRON EARNINGS AHEAD; CONSUMERS SPEND MORE AS INCOME DROPS
By Nigam Arora
To gain an edge, this is what you need to know today.
Micron Earnings Ahead
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 leading up to last quarter’s release, MU stock ran into zone 1.
- The chart shows that after the last earnings release, MU stock fell 41%. This was in spite of Micron beating earnings consensus by 20%, revenue consensus by 15%, and earnings guidance consensus by 20%.
September 30, 2026