AI Stocks Surge: Micron Beats Estimates
Update: 2025-12-21
Description
Tech stocks, particularly AI-related ones, have seen a rollercoaster ride recently. Oracles funding issues and CoreWeaves delays caused a dip, but Micron Technologys impressive Q1 results, driven by AI demand, sparked a rebound. Nomuras Charlie McElligott sees this as a healthy market separation. Investors are anxious about funding risks, especially after Oracles Blue Owl Capital data center project withdrawal. The magnificent seven tech giants, driving the S&P 500s gains, are a concern due to their heavy reliance. Oracles TikTok deal boosted its stock, but its still down from September. Strategists predict a bullish outlook, with the S&P 500 potentially reaching 7700 by 2026, driven by strong fundamentals and loose policies.
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