Good morning and welcome to Markets Desk.
The AI infrastructure trade is drawing fresh attention after BNY Mellon's Brock Campbell pushed back on the idea that the play has peaked. The manager of the Global Infrastructure Income ETF argues investors are overlooking critical physical buildout — power, cooling, data centers — that still has years of runway ahead regardless of where software valuations sit.
Staying in the technology space, Micron Technology is drawing longer-term forecasts from Wall Street analysts who see substantial memory demand growth through two thousand twenty eight. A five thousand dollar position today, by some projections, could appreciate significantly as AI-driven data infrastructure keeps pushing appetite for high-bandwidth memory to new highs.
And on the energy policy front, a proposed diesel export ban is drawing sharp criticism from market economists who warn the move would be politically convenient but structurally damaging. Restricting exports would distort domestic refining incentives, reduce producer margins, and ultimately tighten global supply in ways that could push prices higher, not lower — the opposite of the intended effect.
That's the tape. Markets Desk, signing off the floor.
