The Question Is Sustainability: Goldman's 1-Delta Desk Says 'Watch The Spenders'

Despite its declines from the highs this morning, Micron's overnight strength (smashed expectations, guided well ahead of consensus, and raised its outlook as HBM demand continues to outstrip supply) is, according to Goldman Sachs One-Delta desk-head, Rich Privorotsky, another reminder that, for now, AI infrastructure spending remains alive and well despite the growing debate around eventual returns on capital.

It's All About The Spenders...