Micron reset the AI memory trade, Apple showed the cost side of the boom, oil risk came back through Hormuz, and Friday’s Russell rebalance could make the close loud.
Two markets showed up Thursday, and they did not agree with each other. Micron made the AI supply chain look alive again. Apple made the AI cost curve look painful. Oil reminded everyone that inflation risk still has a shipping lane.
The Dow finished higher, the Nasdaq fell, and the S&P barely moved. Friday adds a Russell rebalance that can turn the closing auction into a liquidity event. Signal Over Noise.
Five Things Moving Markets
01 AI Infra › Micron Repriced The Memory Trade
