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AI Expectations

Please click here for an enlarged chart of Micron stock (MU).

Note the following:

• This article is about the big picture, not an individual stock. The chart of MU stock is being used to illustrate the point.
• MU has become a favorite AI stock of Wall Street.
• The chart shows that MU stock has fallen after earnings.
• MU reported good earnings, but the stock fell because Micron's guiding revenue was inline with consensus. Whisper numbers were for MU to guide higher than the consensus.
• The...