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#CostcoQ4EarningsWatch Costco and Micron are reporting days apart, but they're testing two very different economies 👀
Costco's Q4 sales hit $93.9B, up 11.3%. Now I'm watching membership renewals and margins for signs the consumer is still healthy.
Micron guides for ~$50B revenue with an eye-popping ~86% gross margin.
One tests household spending. The other tests AI infrastructure demand.
If both deliver, this rally may have broader support than just the AI trade.
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