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Like everyone, I thought micron’s earnings beat and guidance yesterday was incredible. My initial thought was the report was very bullish for overall tech. Thinking over the results though, I’m having second thoughts. Mag7 stocks have recently struggled, likely due to concerns over the extent of their ai spend. Micron’s report indicates they’ve substantially increased memory prices and will continue to do so. This will only further fuel mag7 overspending concerns. And just today, both Apple and Microsoft announced substantial …
— ORIGINAL POST ·
Is Micron’s guidance truly bullish for the overall market? I’m not so certain
· r/stocks
· Jun 25, 2026