Rebels Edge · Thu, Oct 1, 2026
Why Micron Stock Has Exploded 500%
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John Najarian reviews inflation pressures, a rise in market volatility, and developments at Micron, Accenture, IBM, and Infosys, emphasizing AI-related demand and business opportunities. The episode also covers Brazilian election prediction markets, promotes RebelCon in Las Vegas, and closes with football commentary.
- Rising energy and agricultural prices, alongside extreme weather, are highlighted as inflation risks.
- Major stock indexes fell roughly 0.4–0.5%, while the VIX rose approximately 9–10% to around 17.27.
- Najarian attributes Micron’s reported earnings strength and claimed stock gain of more than 500% over the past year to strong memory-chip demand, including AI applications.
- Accenture’s results exceeded expectations; management projected 3–6% revenue growth and approximately $9.5 billion in shareholder returns.
- IBM announced a self-hosted deployment option for its BOB AI software-development platform, emphasizing security and enterprise trust.
- Infosys rose in premarket trading alongside Accenture after a reported 31% decline over the preceding three years.
- The episode cites Polymarket odds of approximately 62% for Flavio Bolsonaro and 38% for Lula, with about $159 million wagered on Brazil’s presidential election.
- Najarian promotes RebelCon and discusses NFL matchups and Notre Dame football.
Full transcript
Welcome back to the Rebel’s Edge.
I’m John Najarian, and today we’re going to take a look at the stocks that are moving: some pretty good, some pretty bad.
That’s pretty much par for the course, as a golfer would say.
And we’ll give you some prediction markets, and of course, Pete’s Rebel Sports on today’s Rebel’s Edge.
Well, welcome back.
My brother Pete is not here with me today, so your eyes are not deceiving you.
Pete is actually out surfing and taking a break.
So we all know that for the last, I think, 42 years, Pete has gone out and gone surfing.
And most of you could guess where he might be surfing.
But he does that for about a week or 10 days virtually every year, folks.
And it’s that time of year right now for him to do that.
So you got me today on the Rebel’s Edge.
And I’m going to start right off with macro, as we always do.
And I’m going to say: concerns about inflation? Yep.
We’ve got rising commodity prices; global agricultural prices have also surged.
Some of that, of course, is due to crude oil, which is one of the fossil fuels, the other being nat gas.
Both of them have a lot to do with commodity prices because, of course, nat gas is one of the things they use to create fertilizers and things like that.
And then to move that stuff, to basically plant the seeds, get it out of the ground, and get it to a store near you, a lot of those commodities that we eat and that we’ve grown are transported by, you guessed it, diesel and gasoline-powered vehicles.
So that is one of the things that we’re still paying attention to, along with extreme weather conditions in some parts of the world.
All right, well, then we’ve got the VIX.
And Pete’s normally covering this, and today he sent me — well, the VIX had a pop today.
And it had a pop because the markets kind of reversed from an early start that was pretty positive to a decline of about half a percent across the board: half a percent for the Dow, for the Nasdaq, and the S&P 500.
All of those declining by about four-tenths to half a percent during the day, and as the markets go down like that, VIX tends to pop.
It popped a little more than I thought it might.
It was up about 9 or 10% to I think about 17.27.
So we’ll keep an eye on that, folks, and we’ll let you know if we see any unusual option activity in there, which would likely be from 50 Cent — and no, not the rapper, but from the person that buys and sells a lot of VIX calls and very rarely, but sometimes, VIX puts.
All right, let’s talk about prediction markets.
And prediction markets, we have, of course, a tracker with Market Rebellion, and it’s known as Rebel Predictions’ War Report.
And we track over 400 prediction bets out there, capturing millions and millions of dollars worth of those predictions: people putting their money where their opinion is.
And this one today was Brazil’s presidential election, which Flavio Bolsonaro is leading.
He’s at about 62% according to Polymarket.
The sitting president, Lula, is at about 38%.
And when you look at the bottom on the left side of that screen, you’ll see that about 159 million dollars have been wagered on this.
And by the way, Lula wants online betting stopped ahead of the election — probably because he’s losing by a lot.
But nonetheless, 159 million.
Pete and I talked yesterday about how, you know, if it’s stock market-related, if somebody wants to bet on Polymarket or Kalshi or any of the other exchanges on where the S&P is, you might see occasionally a million to three million dollars wagered on that, but you get hundreds of billions of dollars not just wagered but invested in that same SPY, the S&P 500, or the QQQ, the Nasdaq — whatever it might be.
So the market itself is much bigger than anything on Kalshi or Polymarket when it comes to stocks and broad market indices.
But try to find a spot where you can bet on election results.
And this is a pretty big bet, and it’s one of the only places you can do these kinds of bets, if you will, or trades, for those of you who want to call it a trade.
And that is 159 million wagered saying that Bolsonaro is going to be dancing into the presidential palace down there in Brazil.
All right, let’s move on to RebelCon, because as you know, we love talking about RebelCon because I was just talking with Lonie Paxson today, and we were talking about the dropkick that Doug Flutie did for an extra point.
And it was going to be for a field goal, but then earlier in the prior game something happened, and you’ll hear it live on stage from Doug Flutie, the man who kicked it, as well as Lonie Paxson, the man who snapped it to him.
But there are so many great stories about what it takes to persevere, the risks that various entrepreneurs like Derek Stevens, the owner of Circa, what he had to do to build basically three different casinos and turn around Glitter Gulch, which for a long time had really languished in Vegas.
Well, he bought Golden Gate Casino; they bought Fitzgerald’s and turned it into The D, and they built Circa.
So if you want to hear about what entrepreneurs do: from Grant Cardone, from Doug Flutie, Lonie Paxson, from me, from my brother Pete, from so many of the great speakers we’ve got out there, by all means scan that QR code.
I hope you sign up and get a good airfare right now, folks, before we get too close to the event, because we all know the closer we get to these events, the more those airfares cost.
So lock in a nice airfare now, scan the QR code, and we’ll see you in Vegas.
All right, let’s talk about Micron, because Micron had better-than-expected quarterly results yesterday.
And of course, they got a chance to trade on that in the after-hours and today.
The revenue numbers were astounding: 54 billion dollars versus 51 billion.
And these are in billions, folks, not millions.
This is such a blowout for Micron to post up these kinds of numbers, and the stock is up more than 500% in the past year.
Go look it up, because I’m sure a lot of you are pretty stunned that it’s that big.
But yeah, year-over-year, 500%.
That’s the kind of demand that they have for memory chips, and it’s not just dynamic random-access memory (DRAM); it’s anything memory-related.
Micron’s not the only one, but they are killing it.
And you need this for artificial intelligence, of course, and an awful lot of folks are just piling into Micron at this moment.
All right, let’s also talk about Accenture, ACN, because Accenture reported strong Q4 earnings: adjusted earnings $3.29 a share, or about 18.7 billion dollars, exceeding analysts’ expectations.
Pete and I talked about this one because so many folks were looking at Accenture and some of these firms that crunch numbers and saying: oh my god, you know, AI is going to eat their lunch.
Well, maybe they can use AI to cut some overhead and still provide a great service.
That’s one of the things that perhaps is beginning to happen at places like Accenture, ACN.
And they anticipate revenue growth of 3 to 6%.
That doesn’t sound like they’re falling apart, folks; 3 to 6% revenue growth, that sounds pretty strong to me.
And I like Accenture.
They’re also basically talking about returning about nine and a half billion dollars to shareholders.
So why would you give money to perfect strangers? Well, because they’re shareholders.
All right, IBM, International Business Machines.
They had an announcement of a self-hosted deployment option for IBM’s BOB.
So that’s their AI-powered software development platform.
So for those who are developing AI on that platform, this is pretty big news.
And IBM was highlighting the significance of secure AI operations because, for a firm like IBM, for a firm like Cisco or Oracle, these are firms that have been around a long time that an awful lot of big businesses trust.
And there are a bunch of great firms that are relatively young that don’t have that degree of trust yet.
Maybe they should earn it over the next couple of years, but when you’re talking about an IBM, you’re talking about somebody who has been at the cutting edge of compute for an awfully long time.
So the fact that they’ve got this going on at IBM, and the flexibility of their BOB — B-O-B again — is one of the reasons that people really, analysts in particular, really like what this is shaping up to be.
So keep that in mind; it’s not an also-ran, IBM’s still going to be part of the mix.
And lastly, I’m going to wind up with Infosys, INFY.
It is a stock that was sharply higher in the pre-; it was moving right along with Accenture.
Accenture’s adjusted earnings per share and revenue being so far above street estimates — Infosys had experienced a 31% decline over the past three years compared to their peers.
Well, people looked at that and said: man, these guys, yeah, they’re an outsourced giant, but it might not be such a smart idea to sell them after that significant adjustment again versus their competitors.
So Infosys was catching a bid this morning.
I think a lot of people that saw what they are working on right now decided this might be something they’d really like to have going forward.
All right, now we’re going to do a little sports, because Pete was nice enough to send us his red zone sports, and he said the best game of the weekend — I don’t disagree, I think this is going to be a great one.
And I hope it is, because some of you are probably thinking to yourselves: well, the Raiders, the Las Vegas Raiders, are they really 3-0 and are they any good really?
Yeah, they are, and Kirk Cousins, the quarterback for them right now, is really doing a great job.
And they’ve got a great offensive line that they put together to protect their new number one draft pick, but he hasn’t really seen the field because Kirk Cousins has been just lighting them up.
And he is, of course, the quarterback for the Las Vegas Raiders, and they’re playing the Kansas City Chiefs.
So the fact that that is going to be a great game between two undefeated teams with an awful lot of drama, I think is going to make it a very interesting NFL weekend.
Also, you could thank the Seattle Seahawks because the Raiders, their head coach Kubiak, Clint Kubiak, that’s who they got him from: they got him from the Seahawks.
And wide receiver Cody White was off the practice squad, and the Chiefs grabbed him, as well as, of course, Walker.
Walker they got because they were willing to pay him more than Seattle was.
And the wide receiver has already caught three touchdown passes, I think, so far this year.
So it seems like taking a guy off the practice squad was a pretty good move, and Seattle has been the very generous giver rather than the taker in this case.
All right, lastly, we’re going to wind up with NCAA football.
And C.J. Carr, quarterback, nine touchdowns so far.
This is the Notre Dame quarterback.
Notre Dame is looking like they’re a team that has a big chip on their shoulder.
They, of course, were left out of the playoffs last year because they had two losses.
They still were ranked very highly, but people looked at strength of schedule and a bunch of other things, and maybe they thought they were a little cocky and they couldn’t wait to give them a little comeuppance.
Well, I think this year Notre Dame is saying: well, destiny’s in our own hands.
If we win them out, there’s no way we can’t be part of this conversation.
And even if they had one loss, which they do not have right now, of course — but even if they had one loss, they would be a team to be reckoned with.
And I think that the quarterback is a big part of this because he’s only had one interception.
And they have one of the best defenses in the country.
So you put together a quarterback with nine touchdowns in these first few games as well as only one turnover by interception and a great defense, and you can see why Notre Dame is loaded.
And they’ve got a bunch of players, as you may have seen, whose dads were former pro football players — in other words, the bloodline’s pretty good there at Notre Dame as well.
And so shout out to my friend Jeff Kilburg, who’s, of course, the center on one of Notre Dame’s great teams, and now Jeff’s a friend that also does very similar stuff to what Pete and I do, talks about markets on television, and helps direct people towards great ETFs and so forth, because he’s involved in finance in a big way.
So that’s it for us, folks.
Remember, you can scan the QR code and join us in Las Vegas.
You’ll be hearing more about it from Lonie Paxson, from Doug Flutie, from all of the great speakers that we’ve got lined up.
Scan that QR code.
You’re not going to see a lineup like this for a long time, and you can see it and experience it live in person in Las Vegas.
We start with Monday Night Football on the 19th, but if you’re not really into being in the swimming pool with a bunch of crazy folks betting on every play, well, you can just show up on the 20th.
The 20th and 21st we check in at 8 in the morning, we get started at 9 each day, and it’s going to be a fabulous time.
So scan the QR code, and Pete will be back in the not-too-distant future, and I’ll see you again on Monday.
Bam!
Transcript from the show's captions; automatic captions may contain errors. Educational content, not investment advice.