CNBC's "Fast Money" Micron Reports, Fed Holds Rates… And The Private Credit Ripple Effects 3/18/26
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Mar 18, 2026 
Julia Boorstin, CNBC reporter covering Disney who sketches Josh D’Amaro’s first-day priorities. Melissa Otto, Head of Research at S&P Global Visible Alpha, who breaks down Micron’s AI-driven memory demand and earnings beats. They discuss Micron’s results and capex plans, Fed rate holding and market reaction, and private-credit stress spilling into consumer loans.
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Productivity Gains Raised Potential Growth
- Post-pandemic productivity gains have raised long-run potential growth modestly, which the Fed appears to be incorporating into forecasts.
- Steve Leisman cited Fed data showing productivity uptick dating back several years, possibly from pandemic-era shifts.
Micron's Stunning Results Met With Mixed Market Reaction
- Micron reported staggering revenue and margin beats but the stock fell, suggesting a buy-the-news sell-the-event reaction.
- The company raised FY CapEx to $25B and forecast more in 2027 while gross margins jumped above 74% in Q2.
Wait For A Better Entry On Micron
- Consider waiting for a lower entry after extraordinary guidance and a big run; the market may buy into the news and sell the event.
- Tim Seymour and others cautioned Micron is heavily overweight and price already reflects much of the upside.