The promise of agentic AI is simple: less time spent managing tasks and more time focused on higher-value work. As Micron SVP & GM, Core Data Center Business Unit, Jeremy Werner explains, agentic AI runs on two compute stacks, not one. The GPU reasons and plans, while the CPU orchestrates actions. Technologies like KV cache keep AI context available, but growing context sizes and agentic workloads are driving memory needs far beyond reasoning alone. Learn more: bit.ly/4xN0UTo

The presumption that the Fed raising short-term rates reduces inflation is predicated on the belief that higher rates reduce demand and investment. But what if higher rates don’t reduce demand and investment because the demand for intelligence and energy is unaffected by higher rates because winning the race for super intelligence has a near infinite ROI and the demand for compute will remain incalculable. Why won’t higher rates at this unique moment in history therefore lead to more inflation as interest costs are embedded in everything? And the problem is compounded as the more the Fed raises rates, the more inflation we will have and the more the Fed will need to raise rates further and so on. But what if the old models don’t apply to the current paradigm and the Fed is wrong? I think the Fed might have just made a mistake. Am I right or am I wrong?

Xi Jingping had an exciting first night in DC.

BREAKING: Google launching TPUs in space NEXT WEEK on SpaceX falcon 9 to test AI data centers orbit ITS HAPPENING

WOW! Memory stocks are going MUCH HIGHER Citi just forecasted DRAM prices rising EVERY year through 2031 That has never happened in the history of the memory industry. If Citi is right, the way the market prices memory stocks is flat out wrong Not only is this not cyclical, it's a structural change in prices that pushes Memory higher for at least 8 years straight Why is this happening? HBM, the memory inside every AI GPU, consumes roughly 3x the wafer capacity of standard DRAM per bit. As Micron, SK Hynix and Samsung convert their fabs to HBM, regular DRAM supply gets starved right as AI demand for it explodes too. Citi sees that supply tightness persisting until 2031 Bears will scream "cycle peak" at that deceleration in 2027. But look at what the numbers actually say: prices NEVER go negative. Not one down year through 2031 For 25 years memory was a commodity coin flip, massive up years always followed by brutal crashes (2019: -51%. 2023: -43%). Citi is forecasting the first 8-year stretch in industry history with zero down years. That's not a cycle anymore, that's a repricing And it flows almost straight to the bottom line for producers. Micron just posted the largest earnings beat in its history with 85% gross margins, and that was BEFORE the 242% year fully hits the income statement. Even more important to note that teh buybacks from this free cash flow haven't even started yet (coming in December) The market still values memory stocks like the crash is 18 months away, according to Citi's chart that's not happening I hold Micron in my Milk Road Portfolio, our analysts got our members in $MU below $400. We also hold a few other memory stocks alongside other ways to play the Ai infra build out. You can check out our real-time portfolios here: link.milkroad.com/t5837z Don't forget to give me a follow @kylereidhead for more insights on AI and markets

$META this move is kind of ridiculous bro +40% in a month and +14% in a week on a Mag 7 multi trillion dollar company all it took was a normie version of open claw 😂 is anyone trimming? or selling calls? my only fear is the equity raise but we still don’t know if that will happen & if it does and we stay rangebound in the $750s, not a good enough reason to sell only reason to sell is if you see this going back to $680 but the vibez have shifted, zucks is being seen as the cool AI guy and people want to bet on his vision again hard to see this momentum get faded that easily vs a run to $800 which means maybe trimming here isn’t the best idea but +40% in a week at this scale could mean we give back some of the gains easily just due to how heavy this move has been fundamentals are just looking really, really strong and Muse doesn’t even have 100M users yet so the growth curve is literally just beginning for a potential new multi-billion user product