---
title: "Micron’s blowout sparked a chip rally, but the smart money is already rotating into defense and space"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290874624.md"
description: "Micron's strong Q3 earnings sparked a chip rally, but analysts suggest smart money is rotating into defense and space sectors. With the Department of War's FY27 budget proposing a 42% spending increase, stocks like Lockheed Martin, Rocket Lab, and BWX Technologies are highlighted as better opportunities driven by government reshoring agendas and defense capex."
datetime: "2026-06-25T20:11:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290874624.md)
  - [en](https://longbridge.com/en/news/290874624.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290874624.md)
---

# Micron’s blowout sparked a chip rally, but the smart money is already rotating into defense and space

Quick ReadMU ripped 12% on a Q3 blowout, but LMT's 16x forward PE and multi-year Patriot contracts make it the more compelling rotation target.BWXT grew Q1 revenue 26% with an $8.65 billion backlog, while MP Materials posted 192% rare-earth production growth anchored by a long-term Apple deal.Rocket Lab won the Golden Dome Space Based Interceptor c...

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