Micron ($MU) delivers a blowout earnings report, posting record revenue of $41.5 billion and jumping 15%. It's a massive, legitimate fundamental win that is single-handedly carrying the AI semi-trade today.
But even structural giants have to fight the law of large numbers.
Historically, mega-caps that gap up 15% or more on earnings close green only 48% of the time, fading intraday in 52% of 337 similar setups as early buyers lock in cash.
Are you buying the gap because you trust the numbers, or because you can't stand watching others make money?