Name: Stocks Rally as Micron Lifts AI Optimism Ahead of PCE | Bloomberg Brief 6/25/2026
Uploaded: 2026-06-25T11:28:40+00:00
Duration: 2609 s

Speakers

Sanjeev Rana — Head of Korea Research, CLSA

Ven Ram — Markets Live Reporter/Strategist, Bloomberg

Chloe Meley — Reporter, Bloomberg

Stephanie Guild — Chief Investment Officer, Robinhood

Summary

US equity futures jumped after Micron's blowout forecast revived AI optimism, while Brent crude erased wartime gains as Hormuz Strait traffic resumed. CLSA's Sanjeev Rana argued memory chip stocks are undervalued and set for a re-rating on structural AI demand. Robinhood CIO Stephanie Guild discussed retail trends in AI names and SpaceX, and Bloomberg's Ven Ram flagged a rotation into banks and a key PCE setup for Treasuries.

Micron's strong forecast reignites AI trade; S&P and Nasdaq futures rise, oil falls back to pre-war levels.
Sanjeev Rana (CLSA) sees memory stocks (Micron, Samsung, SK Hynix) as undervalued at single-digit PEs, poised for 15-20x re-rating as AI demand structuralizes.
Ven Ram expects rotation from chips into banks to continue, citing stress test passes and dividend increases.
Upcoming PCE data could be grim for Treasuries if inflation overshoots, per Ven Ram.
Oil declines as Strait of Hormuz reopens and Iraq threatens to leave OPEC.
US-EU trade deal signed; banks post strong stress test results.
Robinhood customers remain enthusiastic on AI and SpaceX, but broader macro data looms.

Ideas

Sanjeev Rana Head of Korea Research, CLSA 6:34

Memory stocks undervalued, AI demand structural.

Memory chip stocks (Micron, Samsung, SK Hynix) are still trading at single-digit PEs while other semiconductor stocks trade at 15-40x. AI has transformed memory demand from cyclical to structural, long-term customer contracts with strict penalties provide visibility and smooth cycles, and near-term memory prices are rising. This should drive a re-rating to 15-20x PE, implying significant upside.

Ven Ram Markets Live Reporter/Strategist, Bloomberg 17:14

Rotation into banks will continue.

A rotational trade out of overextended chip stocks into banks will continue, supported by the Federal Reserve's stress test results, dividend increases, and banks' year-to-date underperformance.

Ven Ram Markets Live Reporter/Strategist, Bloomberg 18:15

PCE overshoot would hurt Treasuries.

Today's PCE data is pivotal. A sustained overshoot above 3.3% would not be tolerated by the Fed and would be grim for Treasuries, implying a potential sell-off.

This Bloomberg Markets video, published June 25, 2026, features Sanjeev Rana, Ven Ram discussing MU, 005930.KS, 000660.KS, KBE, 10Y Treasury Note. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Sanjeev Rana, Ven Ram · Tickers: MU, 005930.KS, 000660.KS, KBE, 10Y Treasury Note

Stocks Rally as Micron Lifts AI Optimism Ahead of PCE | Bloomberg Brief 6/25/2026

Summary

Ideas

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