Markets inched higher heading into Thursday's trading session after Micron (MU) showed lasting earnings strength supporting the AI trade. However, Tom White points out concerns on the macro front he sees hitting a concentrated stock market. One of the biggest headlines: President Trump calling on EU leaders to release more diesel supply even as the U.S. weighs its own diesel export ban. Reports point to China considering its own ban of fuel exports. In the AI trade, Tom talks about Micron's eyewatering report and Alphabet (GOOGL) launching Gemini 4.