SpaceX, Snowflake, and Micron Just Had the Week of Their Lives — Here's Who Actually Won
Social chatter hit peak velocity on AI infrastructure, SpaceX IPO fever, and a Snowflake short squeeze that nobody saw coming
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| MU MICRON TECHNOLOGY INC | buy | $904.88 | — | — | — |
| SNOW Snowflake Inc. | buy | $240.99 | — | — | — |
| AAPL Apple Inc. | buy | $310.60 | — | — | — |
| META Meta Platforms, Inc. | buy | $629.93 | — | — | — |
| TSLA Tesla, Inc. | hold | $438.13 | — | — | — |
| WULF TERAWULF INC. | buy | $26.75 | — | — | — |
| MGM MGM Resorts International | buy | $42.13 | — | — | — |
| MRVL Marvell Technology, Inc. | buy | $195.94 | — | — | — |
Let's start with the obvious: $MU crossed the $1 trillion market cap threshold after UBS slapped a price target north of $1,600/share on it, and the memory chip thesis — AI driving insane demand for high-bandwidth memory with ~85% gross margins — is now impossible to ignore. SK Hynix is still trading under 10x forward P/E. That's not a typo.
Meanwhile, $SNOW staged one of the great short-squeezes of the quarter, surging 30% after posting 38% backlog growth, raising full-year guidance by more than the beat, and announcing a $6 billion AWS commitment. Jefferies called it a major AI winner. The whole 'Databricks is killing Snowflake' narrative? Apparently that was fan fiction. And SpaceX's S-1 landed with a $2 trillion valuation and a $28.5 trillion TAM — the Procure Space ETF $UFO jumped 5.7% in a single session while names like Momentus went full +109% in sympathy.
Apple quietly notched its ninth consecutive positive week — longest streak since 2017 — while Meta launched 'Meta1' subscriptions starting at $3/month and Dan Ives maintained his $900 price target. Sentiment indicators are near lows even as the S&P 500 closed at record highs for five straight days. As Fundstrat notes, that's exactly what the early innings of a bull run looks like — not the end of one.