AI Trading Ideas: RIVN, MSFT& MU
Hello everyone! Today i want to share some ai trading ideas with you!
1
Morgan Stanley says the AI trade is rotating away from the stocks that led the rally with indexes likely to stay pressured as the “momentum unwind” hits larger index names.
The firm now favors $Microsoft(MSFT)$, $Amazon.com(AMZN)$ and $Meta Platforms, Inc.(META)$ over chipmakers arguing hyperscalers remain attractive AI plays because of their strong core businesses.
2
$Micron Technology(MU)$ and $Ford(F)$ signed a long-term memory and storage supply agreement for Ford’s next-generation vehicles.
The deal gives Ford more secure automotive memory supply while Micron expands advanced DRAM production in the U.S. including at its Virginia fab.
3
Samsung preliminary Q2 revenue came in slightly light at ~$112B versus ~$113B expected but still more than doubled YoY.
Operating profit surged 19x YoY to ~$58B beating ~$55B consensus as AI memory demand continues to drive the cycle.
4
$Rivian Automotive, Inc.(RIVN)$ guided preliminary Q2 revenue to ~$1.6B vs. ~$1.4B expected with cash and short-term investments rising to $5.3B.
Rivian is also raising ~$1.4B through a common stock offering with proceeds helping fund the equity contribution needed to unlock its $4.5B DoE loan facility.
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