Micron, Nike, Meta and More: 5 Stocks Investors Couldn't Stop Buzzing About This Week
Retail investors talked up five hot stocks during the week (Sept. 28 to Oct. 2) on X and Reddit's r/WallStreetBets: MU, NKE, META, AMD, GOOG.
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Nvidia stock moved above a key resistance level as earnings season nears, which will put AI spending in focus this month.
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Retail investors talked up five hot stocks during the week (Sept. 28 to Oct. 2) on X and Reddit's r/WallStreetBets: MU, NKE, META, AMD, GOOG.
Q4 historically performs well for stocks, and 2026 shows particular promise with strong earnings growth (Q3 forecast at 24.1%, Q4 at 26.6%), easing inflation, solid GDP growth, and an ongoing AI boom comparable to the late 1990s tech surge. The Fed's recent rate hike and better-than-expected inflation data support continued market gains, with productivity at its strongest level in 25 years.
AMD and Broadcom are positioned to lead the next wave of AI infrastructure development. AMD is targeting inference, agentic AI, and physical AI markets through strategic partnerships and acquisitions, while also dominating the data center CPU market. Broadcom leads in custom ASIC chip design and data center networking, with management forecasting its custom chip business revenue will double to $115 billion next fiscal year and double again to $230 billion the following year.
Trump defended Ohio data centers, arguing they are vital to AI competition while promising measures to protect local communities.
Warren criticized massive AI tax breaks for Big Tech, saying taxpayers subsidize companies while Republicans cut health care funding.
Amazon Web Services will spend over $1 billion in towns hosting its data centers as power and water worries grow.