Micron's $11 Billion Forecast Is Low-Balling

Timothy Stanley: Nvidia's huge rise is built on this enormous forecast raise, right? In the last quarter, Tim. And here we have news that puts a little bit of a dent in that forecast in theory. Yet there is practically no reaction to stock; they've indicated they have multi-quarter visibility now and does this affect it? He says micron has a stock, which is underperformed the semis, is I think in an interesting place even with these China headwinds.Stanley: Did you really learn anything new from this? Or does this just underscore the notion that the feds are not going to relent? The fund markets definitely didn't learn anything new.