What You Need To Know for June 26th

Welcome back!

Hope you guys are doing well. Stocks have had a nice jump this week and Nvidia is back to all-time-highs. Despite the U.S. getting involved with the Iran & Israel conflict, it appears that peace talks are near. Trump said U.S. and Iranian officials will talk next week, claiming the strikes set Iran’s nuclear program back “by decades,” although early U.S. intel says the damage may only last months. I’ve got bad news though - we’re going to be talking tariffs again soon. We’re under 2 weeks away from the pivotal July 9th deadline for countries to strike a new deal trade with us. Here’s the latest on some of the bigger trading partners. Let’s get into it.

Earnings Corner 📜 

Micron (MU) $MU ( ▲ 1.0% ) Beat on both revenue and earnings. Guidance came in well above expectations; the company is forecasting a 38% y/y jump in revenue next quarter driven by continued strength in AI-related memory demand. Data center sales more than doubled y/y to over $3B, and management emphasized disciplined capex to scale high-bandwidth memory production. Shares rose +0.67% after hours.