Benzinga
06 Oct 2026, 06:12 UTC · 1h ago
Stock Market: Will S&P 500 Open Up or Down Today?
Impact · against what's priced in
The article provides no catalyst for NVDA, MU, or GEV, as the 'picks and shovels' endorsement by Steve Eisman merely confirms the AI-driven demand and positioning already baked into their current valuations. Macro pressures from 20-year high Treasury yields are noted but currently offset by low rate-hike probabilities, leaving the fundamental drivers of these stocks unchanged.
- MU+0.00
Already priced in
- The price assumes
The current AI-driven surge in DRAM and HBM demand
Being labeled a 'picks and shovels' winner for AI confirms the existing demand surge the price already pays for.
What MU's price assumes · Sep 9
