Josh Brown says 'divergence' in AI stocks is hallmark of healthy bull market

Market Dynamics & Investment Strategy - A healthy bull market distinguishes strong companies from weaker ones, indicating conviction in fundamentally sound businesses [1][4] - The market favors adding to positions in stocks demonstrating strength, provided the fundamentals remain supportive [3] - Divergence in stock performance can signal early conviction in a company's strength [1][3] Comparative Analysis: Micron vs SMCI - Micron demonstrates resilience, recovering quickly after earnings reports, suggesting market confidence [2] - SMCI's stock declined significantly from $118 to $30 over approximately 20 months, indicating market skepticism [2] - Despite both Micron and SMCI being suppliers to the AI data center buildout theme, the market perceives Micron as a superior investment [2] Overall Market Assessment - The current market environment is not characterized as a speculative hype bubble, but rather a sorting process of identifying winners [4]