Core Viewpoint - Google is highlighted as a top pick in a competitive tech space due to its attractive valuation and successful integration of AI into its products [1][2][6]. Google - Concerns about generative AI making Google's search product irrelevant have been addressed by the successful integration of Gemini into the search engine [2]. - Google has been aggressive in integrating AI across its product mix, which is seen as a significant opportunity for monetization [3][5]. - Alphabet generates over $95 billion in quarterly revenue, making an $85 billion capital expenditure in fiscal year 2025 feasible [4]. - Alphabet's forward earnings trade at 23 times, which is considered inexpensive given its growth rates of 12-14% in EPS and revenue, and net margins exceeding 31% [6]. - The cloud business is crucial for Google's AI strategy, with significant growth in Google Cloud and a recent $32 billion acquisition of Whiz to enhance cloud security [7][8]. Micron - Micron has seen a 142% increase year-to-date, with expectations for further upside due to a 50% quarter-over-quarter growth in high bandwidth memory chips supplied to Nvidia [9][10]. - Micron trades at only 11 times forward earnings, indicating substantial upside potential [10][15]. - The company has raised guidance on revenues and earnings, with net margins expanding from 18% to 22% [10][11]. - Micron is gaining market share from Samsung in the high bandwidth memory space, contributing to its growth [12][16]. - Analysts are becoming more bullish on Micron due to its strong performance in both high bandwidth memory and traditional DRAM businesses [16][17]. - The stock has shown resilience, breaking above $200, indicating potential for further gains [18].

Oracle shares are slightly higher today. Now, there's a lot going on. The company did announce the departure of CEO Saffra Katz.She'll be replaced by co-CEOs Clay McGu and Mike Sicilia. Cats will shift to executive vice chair of the board of directors. So, she's not leaving the company.And in the meantime, we're also getting more headlines on what the US Tik Tock sort of deal is going to look like, which will almost certainly involve Oracle, perhaps in a very large way. Here to talk more about all of this, ...

Investment Recommendation (Micron - MU) - Micron is considered a compelling AI long-term investment due to its high bandwidth memory (HBM) chips, crucial for AI workloads [6] - Micron's valuation levels are helping make it a "screaming buy" [3] - Investors can buy Micron trading 20% below its June 2024 peaks and 30% below its average Zach's price target [3][9] - Analysts are calling for 47% revenue growth in fiscal year 2025 to nearly $37 billion, and another 34% growth the following year to nearly $50 billion [16] - Analysts are calling for roughly 518% growth on the bottom line to go from $130 million to $840 million, and another 62% growth the following year to $1350 million [17] Company Performance & Industry Position (Micron - MU) - Micron raised its Q4 guidance in mid-August, benefiting from the hyperscale data center boom [2][7] - Micron's growth in key areas has seen the semiconductor stock climb 1500% in the last 15 years, crushing the Zach tech sector which is up 675% [5][8] - Micron is working directly with AI chip powerhouse Nvidia and Nvidia's closest rival AMD [6] - Micron CEO has stated that AI will drive record demand for memory chips [6] - Micron is expanding its manufacturing footprint in the US as part of a larger reshoring boom [6] - Micron is a vertically integrated semiconductor company, designing, manufacturing, and testing all its chips in-house [6] Investment Recommendation (Arista Networks - AET) - Arista Networks is a pioneer and leader in cloud and AI networking [20] - Arista Networks is currently a Zach's Rank number two rated stock [22] - Any dip in Arista Networks shares is considered a good opportunity to buy given its role in the AI revolution [25] Company Performance (Arista Networks - AET) - Arista Networks' revenue surged 30%, and adjusted net income surged 38% year-over-year [22] - Arista Networks provides high-speed networking gear, switches, and routers for data centers [23] - Arista Networks' main customers are Microsoft and Meta Platforms [23] - Arista Networks raised its full-year guidance after reporting strong results [24]