# Meta's moment and Micron's test ahead

> The CNBC Investing Club sees Meta following Google's playbook while preparing for Micron's earnings and a potential buyback windfall.
- Title: Meta's moment and Micron's test ahead · CNBC | Shortify
- Summary: The CNBC Investing Club sees Meta following Google's playbook while preparing for Micron's earnings and a potential buyback windfall. KeyBanc raised Meta's…
- Keywords: meta platforms, micron technology, cnbc investing club, jim cramer, stock market, ai technology, earnings, business, finance, Meta's, moment, Micron's
- Source: CNBC — https://cnbc.com/2026/09/23/history-rhymes-for-meta-and-our-plan-for-micron-ahead-of-earnings.html
- Author: Kevin Stankiewicz
- Published: 2026-09-23T15:15:52+00:00
- Read time: 1 min
- Topics: meta platforms, micron technology, cnbc investing club, jim cramer, stock market, ai technology, earnings, business, finance
## Markets retreat on economic strength
The Nasdaq Composite fell more than one percent Wednesday morning after record highs, as rising oil prices and bond yields weighed on stocks. Strong U.S. economic data from S and P Global is signaling the Federal Reserve may raise rates twice more before year-end.
## KeyBanc sees Meta repeating Google's script
Analysts at KeyBanc raised Meta's price target to nine hundred dollars from seven hundred eighty, citing parallels with Google parent Alphabet's recovery last year. Both companies faced legal setbacks then won better outcomes, and both deployed improved AI tools to regain competitive ground.
## Meta's keynote is make-or-break moment
Meta CEO Mark Zuckerberg speaks Wednesday night at the Meta Connect developers conference. The CNBC Investing Club called it a must-watch speech and noted it booked profits on Meta shares Tuesday out of discipline, ahead of the address.
## Micron earnings loom with buyback upside
Micron's earnings report comes a week from Wednesday. Citi raised its price target to one thousand three hundred dollars from one thousand one hundred fifty. Wolfe Research expects Micron to generate enough free cash flow over two years to repurchase shares worth twenty five percent of its current market capitalization.
## Buyback moratorium expires in December
A two-year buyback moratorium tied to Micron's acceptance of government funding under the CHIPS Act will expire in December. The CNBC Investing Club bought Micron during last week's AI slowdown sell-off and does not anticipate making more purchases before the earnings quarter.
## Key takeaway

KeyBanc raised Meta's price target to nine hundred dollars citing parallels with Google's recovery, while Micron faces earnings next week with potential for major share buybacks after a government funding moratorium expires.