MU expected to beat prior-year revenue on strong chip demand; technicals require breakout above $1140 for bullish signal.

I want to talk about Micron, but before that, you had several of the heads of these companies in a meeting with President Trump.

Let's talk about Micron. It has profits on the horizon. I know we are waiting for the personal consumption expenditures report, but this is the most important event we are waiting for in terms of earnings. What do you expect?

Well, we certainly expect revenues to exceed last year's figures. I think the serial or quarterly number will be extremely important here. The market expects DRAM and NAND chips to remain in high demand, as we have seen them as a practical option for inference, which will ultimately make up the majority of AI or superintelligence computations, so to speak.

I think the market will really look to Micron to continue telling this story. From a technical standpoint, I think it's really interesting on the weekly chart. We saw a decline after last quarter's earnings, and consolidation occurred around the $800 level.

We are now testing the $1065 level, approximately. You are really looking for a breakout above the $1140 area for Micron to attempt to break that level upwards.

I think options traders will really try to focus on this name to see if it can make a big move. I think, fundamentally, their approach will most likely remain the same. They are experiencing very strong demand, and I hope that if they mention that they are able to increase production capacity without exceeding the gains from that capacity through capital expenditure, I think that will be a strong boost for Micron.