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#CostcoBeatsMicronNext Costco just gave us one signal about the economy. Micron could give us another 👀 Costco closed FY2026 Q4 with $95.7B in total revenue and nearly $3B in net income. Sales kept growing and membership remained resilient, suggesting the US consumer is still spending despite elevated borrowing costs. Now the earnings spotlight shifts from shopping carts to memory chips. Micron reports next, and what caught my attention is how different the question is. For Costco, the test was whether consumers would keep spending. For Micron, it's whether AI companies will keep spending. AI servers have created huge demand for DRAM, NAND and HBM, but strong demand has already pushed expectations for memory stocks much higher. Recent industry analysis suggests supply constraints could keep DRAM pricing and margins elevated even if shipment growth slows. So a simple earnings beat may not be enough. I'll be watching pricing, margins, HBM demand and especially forward guidance. If those stay strong, it suggests AI infrastructure spending still has legs. Costco showed the consumer is holding up. Micron gets to show whether the AI capex cycle is too. 👀