Tech giants gearing up to report quarterly results this week with investors closely watching the price tag for the AI buildout. On Wednesday, we're going to hear from Meta and Microsoft. And next week, Amazon and Alphabet are on deck.In all, the four companies are expected to spend over $400 billion in capital expenditures this year. That's according to estimates compiled by Faxet. And here to decode the AI messaging for this earning season, we got Alli Mogarabi, West End Capital Management senior equity an ...

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Core Viewpoint - Micron Technology's stock price rally is fundamentally driven by AI and its impact on revenue, with a potential target of $190 based on historical trading ranges and current market trends [1][2][3] Financial Performance - Micron reported $11.32 billion in net revenue for Q4, a 46% increase year-over-year, outperforming consensus by 140 basis points [8][9] - The company achieved a 24.3% increase in year-over-year operating cash flow, with adjusted net income of $3.47 billion and adjusted earnings per share of $3.03, reflecting over 100% growth compared to the prior year [10][11] Analyst Ratings and Forecasts - The consensus price target for Micron is $184.77, indicating a 14.26% upside, with 80% of analysts rating the stock as a Buy [6][10] - Analysts expect earnings to reach $3.60 at the low end of the range, compared to a consensus of $3.04, suggesting potential upward revisions in estimates [12] Market Position and Institutional Support - Micron has seen significant upgrades and price target increases leading into the Q4 release, with institutions buying the stock at a nearly 2 to 1 ratio in the first three quarters of 2025 [7] - The company’s balance sheet shows strength, with total assets increasing by over $13 billion and a 20% increase in shareholder equity [13][14]