US equity futures are surging as markets cheer a reported US-Iran deal that eases geopolitical risk premium while largely setting aside renewed hawkish Fed signals. The relief rally lifts broad risk appetite, but the Fed overhang and divergent fundamentals among the named tickers create a complex setup beneath the surface.
MU's near-50% revenue growth with 39.8% gross margins and $7.59 EPS in FY2025 gives it genuine fundamental momentum that a geopolitical relief rally could amplify, especially given its AI-driven memory demand tailwind.
INTC, despite near-zero net margins, trades on optionality around its foundry pivot and any government subsidy news under the CHIPS Act could trigger a sharp short squeeze that overwhelms the fundamental short case.