News Summary

• Micron Technology earnings will check the pulse of chip demand ‌to see if it is still accelerating.
• Despite a sharp mid-week selloff, major u.s. stock indexes are hovering near all-time highs.
• Big Tech has signaled that AI spending is not slowing, set to rise past $700 billion this year from $400 billion in 2025.
• Although the AI narrative has dominated markets, underlying macroeconomic concerns remain."This AI trend is something that’s continued, and honestly, what we see with this revenue surprise signal that we monitor is there's still a lot of juice," analyst says.