This week’s “Most Interesting Stocks” countdown is a masterclass in expectations, pricing power, and AI infrastructure reality.

#3 Cisco (CSCO): beat earnings, posted AI infrastructure orders… and still got punished because “good” isn’t good enough when guidance doesn’t wow.

#2 Micron (MU): HBM4 hit volume production a quarter early and 2026 capacity is already sold out—memory is the real AI bottleneck.

#1 Spotify (SPOT): not AI, not GLP-1s—just a business executing so well it can raise prices and keep growing. That’s a moat.
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