Here’s a fun paradox for you. Micron posted revenue up 346% year over year. Its stock dropped 8%. Samsung crushed expectations. It fell nearly 10%. Meanwhile, Bitcoin, the asset that supposedly trades on vibes and memes, gained 1.6% in 24 hours and 9.1% over the past week.
The AI trade, once the undisputed darling of every portfolio manager with a pulse, is showing cracks. And crypto, sitting quietly in the corner, is starting to look like the adult in the room.
When perfect earnings aren’t enough
Let’s talk about what happened with AI stocks, because it’s genuinely bizarre if you’re not paying attention to market structure.
Micron, the memory chipmaker that has basically become an AI infrastructure play, reported revenue growth of 346% compared to a year ago. That’s not a typo. Three hundred and forty-six percent. The stock response? An 8% haircut.
