Micron blows out profits
Micron reported blowout fiscal Q2 results and analysts are penciling in as much as ~40% upside on the stock as AI demand for memory surges. (thestreet.com) At the same time, pundits are calling Microsoft a bargain buy after the recent AI‑led sell‑off — a back‑door way into AI exposure while valuations cool. (fool.com) Meta also cleared regulatory hurdles for two new Ray‑Ban AI glasses, “Scriber” and “Blazer,” which could matter for hardware adoption curves. (theverge.com)
Micron posted $23.86 billion in revenue and $12.20 in adjusted EPS for fiscal Q2, for the quarter that ended Feb. 26, 2026. (CNBC: ) Management guided Q3 revenue to about $33.5 billion and quarterly adjusted EPS to roughly $19.15, and said Q3 capex will be about $7 billion while full‑fiscal‑2026 capex is now expected to top $25 billion. (MotleyFool: ) Micron reported a record 75% gross margin, free cash flow of $6.9 billion for the quarter and ended the period with net cash of about $6.5 billion and $16.7 billion in cash and investments, while the board approved a 30% dividend increase to $0.15 per share. (MotleyFool: ) Wall Street’s consensus price target sits near $536.55 — implying roughly 40% upside from current levels — and data trackers show the vast majority of covering analysts rate Micron a buy. (TheStreet / TipRanks: ) Microsoft’s share price is more than 20% below recent peaks and the stock is trading at under 20x forward earnings as investors digest heavy AI infrastructure spending that management says will lift fiscal‑2026 capital expenditures to about $146 billion. (Bloomberg: ) Some market commentators are calling that pullback a buying window — for example, prominent investors and retail analysis pieces argued the AI‑led sell‑off makes Microsoft a “long‑term winner” or a once‑in‑a‑decade buying opportunity, citing the company’s discounted valuation and Azure exposure. (Benzinga / MotleyFool: ) FCC filings surfaced this month for two new Ray‑Ban Meta models — “Scriber” (RW7002) and “Blazer” (RW7001) — described as production units, listing a Blazer large-size variant, a charging case and Wi‑Fi 6/6E support, signaling a near‑term launch cadence. (The Verge / RoadtoVR / FCC ID Lookup: ) EssilorLuxottica reported selling more than 7 million AI‑enabled Ray‑Ban/Oakley frames in the past year and Meta and its partner have discussed quickly scaling capacity toward 20–30 million units annually to meet demand. (EssilorLuxottica press release / Bloomberg: )
