"Micron's stock is up by more than 35% year-to-date, and its recent financial results suggest that the path to a $1 trillion market cap is very feasible."
"IREN addresses the need for AI data centers, creating them from the ground up and owning the necessary energy and AI chips to power these sites."
"The company made headlines when it secured a 5-year, $9.7 billion deal with Microsoft, which included a 20% prepayment and covers 200 megawatts."
"Micron also posted stupendous guidance that implies the momentum will continue, with Q3 FY26 revenue guidance standing at $33.5 billion."
AI stocks are outperforming the S&P 500, driven by strong revenue growth and bullish Wall Street ratings. Micron, a key player in AI infrastructure, has seen its stock rise over 35% year-to-date, with revenue tripling and net income surging by 771% year-over-year. IREN, focused on AI data centers, secured a $9.7 billion deal with Microsoft, indicating strong demand for its services. Both companies are positioned for continued growth in the AI sector, with substantial guidance suggesting further momentum.
Read at 24/7 Wall St.
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