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Micron To Test AI Rally After Nvidia-Open AI Deal Drove AI Trade Higher, Quantum Breakthrough, China Gold Move
Micron TechnologyMicron Technology(US:MU) Benzingaยท2025-09-23 15:25

Core Insights - The article discusses the current trends in the stock market, particularly focusing on the "Magnificent Seven" stocks and the implications of money flows in these stocks for investors [5][6] - Micron Technology (MU) is highlighted as a key player, with expectations for its earnings report due to rising memory prices and AI momentum [9] - The article emphasizes the importance of understanding money flows and market dynamics, particularly in relation to AI and quantum computing sectors [7][9] Group 1: Magnificent Seven Stocks - Most portfolios are heavily concentrated in the "Magnificent Seven" stocks, necessitating deeper analysis beyond surface-level news [5] - Positive money flows were noted in Amazon, Alphabet, Meta, and Tesla, while Apple and Nvidia experienced negative flows [6] Group 2: Micron Technology - Micron is expected to report earnings, with high expectations due to rising memory prices and AI-related revenue growth [9] - The stock has shown a parabolic move, indicating it may be overbought and susceptible to a pullback [9] Group 3: AI and Quantum Computing - Nvidia's strategic partnership with OpenAI and a $100 billion investment is seen as a significant driver for the AI rally [9] - IonQ's breakthrough in quantum computing is noted as a critical milestone, with other quantum stocks also gaining attention [9] Group 4: Gold and Other Commodities - Gold futures have surged, with China aiming to enhance its position in the bullion market, challenging U.S. dominance [8] - There is a noted shift of money from cryptocurrencies like Bitcoin and Ether into gold and silver ETFs [10]