AI Momentum Outweighs Iran Risks and Fed Concerns, Says Chief Economist

Thomas Richmond

Mon, June 22, 2026 astatine 10:46 AM CDT 3 min read

• Stephanie Roth astatine Wolfe Research argues the AI superior expenditure rhythm has important runway up with nary signs of a bubble forming.

• Micron Technology (MU) reports net Wednesday with 97.35% probability of different bushed owed to captious high-bandwidth representation request for AI grooming and inference.

• Micron's anterior 4th gross of $23.86 cardinal bushed statement by 22.28% with non-GAAP EPS of $12.20, establishing the net barroom for sustained AI request validation.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Micron Technology didn't marque the cut. Grab the names FREE today.

Stephanie Roth, main economist astatine Wolfe Research, argued connected a CNBC Morning Call that the AI capex rhythm has runway, geopolitical hazard is being absorbed by the banal market, and the Federal Reserve tin enactment diligent contempt sticky inflation. Her presumption sets the code for a week hinging connected Micron Technology (NASDAQ:MU) earnings, Iran negotiations, and Fed signaling.

"There is simply a batch of exuberance. There's a batch of superior that wants to find the trades that are going to beryllium mounting the code for the adjacent decennary and decades to come. Our anticipation is the AI commercialized tin proceed for a portion longer. There are nary signs close present that it's entered immoderate benignant of bubble," Roth said. She framed AI enthusiasm arsenic backed by structural request alternatively than speculation, pointing to a historical displacement successful superior allocation wherever companies, including SpaceX, are raising superior alternatively of buying backmost shares, signaling condemnation successful semipermanent tech investment.

Why Micron's Earnings Will Be This Week's Highlight

Gina Sanchez, main marketplace strategist connected the aforesaid panel, called Micron the astir important sanction connected the calendar. "This week, Micron matters more. Micron makes high-bandwidth representation chips. And those are highly important not lone for AI grooming but besides for inferencing, which is truly wherever AI has gone," she said. Micron reports fiscal Q3 2026 results connected Wednesday, June 24, after the marketplace closes.

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Micron's anterior 4th delivered gross of $23.86 billion, beating statement by 22.28%, with non-GAAP EPS of $12.20 against a $8.73 estimate. Cloud Memory gross deed $7.75 billion, and absorption guided next-quarter gross to $33.5 cardinal with gross margins adjacent 81%. CEO Sanjay Mehrotra told investors, "In the AI era, representation has go a strategical plus for our customers," arsenic helium announced a 30% dividend summation to $0.15 per share.