Scott Wapner and the Investment Committee discuss Micron&#x27;s rise and what it means for the rotation and how you should trade it. Jim Lebenthal explains why he&#x27;s buying it here. Plus, Netflix hits a new 52-week low, it&#x27;s our Call of the Day. The Committee debate how to trade the stock now. And later, Josh Brown spotlights Citizens Financial in his &quot;Best Stocks in the Market.&quot;<br><br>Investment Committee Disclosures<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Micron Surges to New Highs on Blockbuster Earnings 6/25/26

Halftime Report

# Full Transcript

**Podcast:** Halftime Report

## Transcript

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[SPEAKER_B] Not every sale happens at the register. Before AT&T Business Wireless, checking out customers on our mobile POS systems took too long. Basically a staring contest where everyone loses. It's crazy what people will say during an awkward silence. Now transactions are done before the silence takes hold. That means I can focus on the task at hand and make an extra sale or two. Sometimes I do miss the bonding time. Sometimes.

[SPEAKER_C] AT&T Business Wireless. Connecting changes everything. I'm Scott Wapner and you're listening to CNBC's Halftime Report, the podcast, the most profitable hour of the trading day. We record this live weekdays at 12 Eastern. Listen in. Carl, thank you very much. Welcome to the Halftime Report. Scott Wapner front and center this hour. Micron's moment, that stock is surging after earnings. We will discuss and debate what all of it means for the AI trade, for the markets in general, because we do, as Carl said, have a very interesting session shaping up. Joining us for the hour, Josh Brown, Joe Terranova, Stephanie Link, Jim Lebenthal. So Micron's moment is a good one, obviously, for that stock, but it's really interesting, this price action in some of these other names today. I'm wondering, Josh, what you make. I mean, it's a continued rotation, there's no doubt about that. But if you thought that Micron was just going to, you know, relaunch the entire AI space with their blowout quarter, not happening today.

[SPEAKER_E] Oh, I disagree.

[SPEAKER_C] Well, look at the hyperscalers.

[SPEAKER_E] That's not the AI trade we've been through. The AI trade is not the hyperscalers. The hyperscalers are the people that are facilitating it with their spending. The AI trade is working really well today. 8 of the top 10 S&P 500 stocks on the day today are all a huge part of the AI buildout. They're just not hyperscalers. And this is what the market's been doing all year. It's not even new. Look at our stocks today. Corning, Flex, Applied Materials, Teradyne, Caterpillar, Western Digital. These are the top 10. DRAM ETF is up 9% today. The XLI is up 2% today. And I promise you, the leaders in the industrials are all AI infrastructure stocks.

[SPEAKER_C] Caterpillar, 4% on the day.

[SPEAKER_E] You also have other areas that are up. You have XBI doing well. You have the homebuilders doing well. That's interesting. The transports are up 2% today, but the AI CapEx theme has swallowed the market this year. Unfortu...

Micron Surges to New Highs on Blockbuster Earnings 6/25/26

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Micron Surges to New Highs on Blockbuster Earnings 6/25/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.