Bonds Already Discounted A 3rd Hike, Stocks Have Followed, Stay Long

Impact · against what's priced in

The article provides no catalyst for MU, ORCL, or OKTA as the author's bullish stance on AI-driven earnings is already reflected in the current valuations. The observation that bond markets have priced in a third rate hike confirms the macro environment the market has already adjusted for.

MU+0.00

Already priced in

The price assumes

The current AI-driven surge in DRAM and HBM demand

The author's focus on adding to AI-related large caps like Micron aligns with the AI-driven demand surge the market already pays for.