AMD hits $1 trillion and Micron earnings loom, but tech valuations tell a different story

And I'm looking at tech valuations and really a September to remember for all things tech. Now, remember Meta's Muse like that was last week. Uh that A I agent has burst onto the scene powering the company's stock in the mag seven complex to boot. Although former Trump economic advisor Gary Cohn isn't all in on Muse. You using Muse yet? >> No, not at all. >> Not a fan? >> Uh look, at this point I'm not comfortable giving up my personal data, my personal information. [laughter] >> Well, what could go wrong? >> By the way, I have enough trouble managing my life knowing my own personal data. I giving it to someone else that's not in my comfort zone right now. >> Good for you, Gary Cohn. Chip giant AMD officially crossed the the one trillion dollar mark for the first time and is out there making big deals. The achievement made CEO Lisa Su the first inductee into the Saugus unleashed Wall of Titans. Shout out yet again, Lisa. And when memory chip play Micron reports earnings this week, that is tomorrow, analysts are expecting a huge quarter. And Alok, uh in the face of the A I boom, that will go a long way in reinforcing the very bullish Wall Street calls on Micron this month including This is big. A $2,000 a share call from Gil Luria at D.I. Davidson. Huge. But you wouldn't get the excitement of all that from the current moment by looking at the valuations on the space. Look at these charts by my man Keith Lerner. I mean, these charts are really something else. You can see the S&P 500 tech sector forward P has basically collapsed despite higher earnings estimates for the S&P 500. You can see it right there on the chart. I mean, valuations have collapsed for tech despite all the optimism. And then one more fun chart from my man Keith. Tech's premium relative to the broader market near bull market lows. I mean, it's almost hard to believe this stuff given all of the strength we're seeing in corporate earnings, especially with tech. It is a tech-driven market. So, again, lots going on with tech here and that disconnect certainly stood out to me and I put a little bit more about this on my X page to go out and check it for more there.