Markets Reward AI Suppliers More

Beth_Kindig · x · 2026-07-17

Beth Kindig points out that Micron has added about $700 billion to its market cap year-to-date for 2026, whereas big tech combined has only added around $426 billion.

Her interpretation is that the market is rewarding the AI supply chain and upstream vendors significantly more than the companies spending capital to deploy models. She also teased an upcoming analysis of big tech earnings.

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