Brent crude slipped below $77/bbl, down 2.48% intraday.

Since the AI infrastructure construction boom began in 2023, Nvidia's stock price has surged. An investor who invested $10,000 in Nvidia stock at the beginning of 2023 would now be worth over $131,000. However, Nvidia's previous gains are unlikely to be replicated in the coming years, so some investors are looking for other companies that may benefit from AI development. Since 2023, Micron Technology's return on investment has even surpassed Nvidia's. A $10,000 investment would now be worth approximately $181,000, although most of the gains were realized in the past year. However, Micron's expansion is currently only in its mid-stage. Micron is benefiting from the memory chip shortage caused by large-scale AI infrastructure construction. Hyperscale AI service providers have created huge demand, which the existing capacity of the memory chip industry cannot meet, leading to a supply shortage. This situation has driven up prices, thereby boosting Micron's revenue and profits. In its most recent quarterly earnings report, Micron informed investors that the tight supply situation will continue beyond 2027, meaning the company still has room for further growth. Furthermore, Micron's stock valuation is not high. Its forward P/E ratio is only 12.3, significantly lower than many other AI-centric stocks. Nebius Group is in an earlier stage of development than Micron Technology or Nvidia. Nebius is a "neocloud" company focused on an "AI-first" cloud computing model. With its wildly popular platform, the company is experiencing rapid growth. In the first quarter alone, Nebius' revenue surged 684% year-over-year. This is just part of its overall growth trend; Wall Street analysts predict growth rates of 544% and 234% for 2026 and 2027, respectively. Few stocks possess such enormous growth potential as Nebius, making it poised for phenomenal returns in the coming years. However, Nebius also faces a long-standing challenge: profitability. As an early-stage company, Nebius lacks other business lines to fund the construction of its AI infrastructure. This means it must seek external investment or debt financing to support its expansion. (The Motley Fool)

CITIGROUP expects Brent to average $70/bbl in Q4 2026 and $65/bbl in 2027, conditional on a US–Iran agreement and the reopening of the Strait of Hormuz.