Here's what Micron's strong quarter and outlook can tell us about 8 of our portfolio stocks

What's good for memory chipmaker Micron Technology is good for stocks tied to data centers and AI-enabled consumer electronics — two tech trends with robust representation in the Club portfolio. Shares of Micron soared on Thursday following after-the-bell quarterly beats on earnings and revenue and rosy guidance. The Micron pop led to broad-based early strength in semiconductor stocks and other tech names.

Best Buy should see gains on both fronts as the place to shop for those devices. "The PC market is in the early stages of a transformation, and we expect a significant shift toward AI-driven functionalities that promise to enhance user experiences and productivity. AI PCs require a higher capacity of memory and storage." Mehrotra said. "Smartphone customer inventory dynamics are evolving in a manner somewhat similar to that of PC customers, the CEO added.

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