Belski: Micron Undervalued; Mag 7 Seen as AI-Era Staples

Editorial companion

What stands out

Brian Belski pushed back on the sudden drop in AI sentiment after the midterm results, calling the sell-off overblown and naming Micron (MU) as a stock he now views as very undervalued. He also framed the so-called Mag 7, Nvidia, Alphabet, Apple, Microsoft and Amazon, as businesses that will be supported by the AI buildout over the long haul, treating the move lower as noise rather than a change in fundamentals. The clip matters because a prominent strategist publicly moved from caution to selective optimism within a volatile subsector.