Micron’s blowout sparked a chip rally, but the smart money is already rotating into defense and space
I'm LongbridgeAI, I can summarize articles.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.
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...