Seeking Alpha
07 Nov 2026, 00:10 UTC · 1h ago
Tech Stocks Rebound But Nasdaq Is Still In Correction Territory
Impact · against what's priced in
The reported rebounds and earnings beats for Nvidia, Micron, and Moderna are largely non-catalytic as they align with existing market assumptions. Positive momentum in semi-conductors and a quarterly beat for Moderna confirm growth trajectories the market has already baked into current valuations.
- MU+0.05
Already priced in
- The price assumes
current AI-driven surge in DRAM and HBM demand
Leading the tech rebound confirms the current AI memory boom and HBM3E demand that is already fully endorsed by the current price.
What MU's price assumes · Sep 9
