Micron forecasts blowout earnings on booming AI market, shares rise almost 10%

📈 Inflation expected to remain above Fed target in November as economic data schedule gets back on track

Inflation data set for release Thursday morning is expected to show price increases remain above the Federal Reserve's target in the final major piece of US economic data released on an altered schedule due to the government shutdown.

The November Consumer Price Index (CPI) report is set for release at 8:30 a.m. ET on Thursday and is expected to show headline prices rose 3.1% over the prior year, according to data from Bloomberg.

"Core CPI," which strips out the often-volatile food and energy categories, is expected to rise 3.1% from last year.

In September, the last month for which there is inflation data, both the headline and core CPI measures rose 3% from a year ago. Yahoo Finance reports.


🛒 DoorDash joins Instacart in the newest shopping battleground — ChatGPT

DoorDash Inc. on Wednesday said it had joined forces with OpenAI to allow people to shop for groceries in ChatGPT and check out on the delivery platform itself, as artificial intelligence becomes a bigger competitive front for online shopping.

The move — via the launch of a grocery-shopping app within the popular AI chatbot — makes DoorDash the latest company to provide AI-driven purchases. And it comes ahead of plans by the company for bigger investments next year that initially left some shareholders uneasy. MarketWatch reports.


💳 Autonomous Research upgrades American Express to outperform from neutral, adjusts PT to $433 from $385

American Express (AXP) has an average rating of overweight and mean price target of $367.65, according to analysts polled by FactSet. MarketScreener reports.


🚗 CarMax (KMX) gains momentum ahead of earnings, has the stock reversed trend?

CarMax's stock (NYSE:KMX) is attempting a recovery after a challenging year, down 49.43% since the year, although 22.8% higher over the past month of trading . Sentiment appears to be growing cautiously optimistic ahead of the company’s earnings release scheduled for before the market opens Thursday morning.

Wall St. is expecting the company to deliver an EPS of $0.32 for the current quarter, a significant year-over-year decrease of on the $0.81 per share delivered in the same period. Revenue expectations are also muted, with analysts anticipating a 9.49% decline compared to the same period last year at $5.63 billion. AskTraders reports.


🤖 Oracle stock sinks as reported AI data center snag puts rising debt in focus

Oracle (ORCL) stock fell more than 5% Wednesday after the Financial Times reported that private lender Blue Owl Capital (OWL) will not back a $10 billion deal for its next data center as the software company draws investor scrutiny over its use of debt to fund spending on AI computing capacity.

Blue Owl, Oracle's biggest data center partner, had been in discussions with lenders and Oracle for the deal to invest in a massive facility in Michigan, but negotiations stalled, according to the FT. Yahoo Finance reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


NKE: Nike
Q2 2026
After Market Close
Estimate: 0.370
Actual: N/A

KMX: CarMax
Q3 2026
Before Marker Open
Estimate: 0.320
Actual: N/A

FDX: FedEx
Q2 2026
After Market Close
Estimate: 4.090
Actual: N/A

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Sourced in: Investor Psychology Quotes – Investopedia.

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