Micron at $1T Makes It Weird 🧠

Welcome to LazyListen. This is The Daily Rip for today. I.

infrastructure play. Micron’s stock surged twenty percent, jumping from around 53 dollars to a new target of sixteen twenty-five set by UBS, up from five thirty-five. This rally lifted the entire memory chain—Western Digital gained nine percent, Sandisk ten, and semiconductor names like AMD, ON Semiconductor, and Teradyne also climbed.

The semiconductor ETF SOXX jumped six percent. Options volume in Micron was massive, ranking sixth overall behind giants like Tesla and Nvidia. I.

supply deals could smooth out memory’s usual boom-bust cycles, with high-bandwidth memory driving demand. I. infrastructure.

The Stocktwits community is buzzing, with nearly two hundred thousand watchers debating whether this is a sustainable reset or a blowoff top after a monster run. Shifting to space stocks, the sector ripped higher on SpaceX’s IPO filing fueling Wall Street’s latest proxy trade. Rocket Lab jumped twenty six percent, Astroscale surged 20, and Spirit Airlines climbed nearly nineteen percent.

Meanwhile, Intuitive Machines was left behind after NASA awarded lunar contracts to competitors, dragging its stock down almost nine percent. Bank of America’s space-race basket is up sixty one percent year-to-date, outperforming the S&P 500 and Nasdaq 100. But Tuesday’s split tape shows company-specific news still drives moves, even as SpaceX’s IPO hype lifts the whole group.

I. I. agent software.

Qualcomm’s stock rose over four percent, hitting fresh intraday highs. I. infrastructure budget reportedly grew twenty five percent to nearly 30 billion dollars.

I. infrastructure story more tangible, though risks remain due to China exposure and export controls. I.

accelerators, but Qualcomm is carving out a niche in custom ASICs alongside Broadcom, Google, and AMD. Looking at sector rotation, the short holiday week kicked off with tech and small caps leading the charge, while energy and defensives lagged. I.

trade and Micron’s rally. Industrials followed with a one point five percent gain, supported by power and construction names tied to data-center buildouts. Energy, represented by XLE, dropped nearly three percent as crude oil prices slid.

Watch ExxonMobil and Chevron closely—if oil doesn’t bounce, the sector’s dividend appeal will be the main story. Tomorrow’s earnings slate is busy, with Salesforce, Snowflake, Marvell Technology, and Kohl’s among the highlights. I.

infrastructure rally extends beyond Micron. Quick movers on the day included Momentus, which surged 122 percent after expanding defense contracts and raising revenue forecasts. Braiin jumped sixty three percent on a UK utility partnership, and ASP Isotopes climbed twenty five percent after restarting a South African silicon facility.

Modine gained fourteen percent on a multi-billion dollar chiller deal, and Semtech rose eleven percent ahead of key data-center earnings. On the downside, Coterra Energy fell nine percent on natural gas weakness, AutoZone dropped nine percent after missing retail sales expectations, and Zscaler tumbled seventeen percent ahead of its earnings report. Finally, a quick note on Boxabl, a company aiming to revolutionize homebuilding with factory-made, foldable houses that ship anywhere and unpack in an hour.

, a SPAC currently trading on Nasdaq. The combined company will trade under the ticker BXBL, expected around June 12th. Investors in FGMC will convert shares automatically.

As always, SPAC investments carry unique risks, so review the SEC filings carefully. That’s your Daily Rip market recap. Stay sharp, and catch you next time.

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