Stocks Get Boost From Chipmakers | The Close 7/9/2026

Watch on YouTube ↗ | July 09, 2026 at 22:13 | 1:29:43 | Bloomberg Markets

Speakers

Stephanie Guild — Chief Investment Officer, Robinhood

Dana Telsey — CEO and Chief Research Officer, Telsey Advisory Group

Bonnie Herzog — Managing Director & Senior Consumer Analyst, Goldman Sachs

Ankur Crawford — Head of Digital Assets, VanEck

Kevin Gordon — Head of Macro Research and Strategy, Schwab

Stephen Yalof — CEO, Prologis

Michael Linenberg — Research Analyst, Deutsche Bank

Carol Massar — Anchor, Bloomberg

Lise Buyer — Founder, Class V Group

Summary

Markets rallied led by chipmakers after Micron boosted capex to $250B and SK Hynix's U.S. IPO priced strongly. Consumer weakness surfaced in Pepsi and Costco results. Guests discussed AI trade favoring memory chips over Magnificent Seven, small-cap contrarian potential, retail traffic from World Cup tourism, and a positive setup for full-service airlines.

Micron capex increase and SK Hynix U.S. IPO pricing fuel semiconductor rally.
PepsiCo and Costco reports flag consumer softness from higher gas prices and sticky inflation.
Retail dip-buying in AI/memory names like Micron remains consistent, per Robinhood CIO.
Alger portfolio manager argues memory oligopoly disciplined on capacity benefits most from AI demand.
Magnificent Seven face margin and ROI questions as they compete in cloud and model development.
Schwab strategist sees weak small-cap flows as contrarian bullish signal amid under-the-surface rotation.
Tanger CEO highlights World Cup tourism and domestic travel driving outlet and lifestyle center traffic.
Deutsche Bank analyst bullish on Delta and full-service carriers on premium demand and rising fares post-Spirit exit.

Ideas

Stephanie Guild Chief Investment Officer, Robinhood 4:01

Retail buys Micron dips consistently.

The memory chip space is now an oligopoly of three players (Micron, SK Hynix, Samsung) after consolidation; these players are disciplined on adding capacity due to historical scars, while exponential AI compute demand (agentic AI etc.) requires almost unfathomable amounts of chips, creating a very favorable supply-demand dynamic.

Dana Telsey CEO and Chief Research Officer, Telsey Advisory Group 10:52

Levi's has conservative guidance and catalysts.

Levi Strauss's guidance is conservative; women's business growing double digits, men's business showing growth, Beyond Yoga strong, expansion into tops and skirts, fewer promotions and more full-price selling, and effective marketing provide significant upside.

Bonnie Herzog Managing Director & Senior Consumer Analyst, Goldman Sachs 17:35

Pepsi turnaround improving with innovation.

PepsiCo's North America turnaround is taking longer but management is confident in strategy; robust innovation pipeline, pricing actions and improved shelf space will ultimately drive volume acceleration and sustainable topline growth, supporting the Buy rating.

Ankur Crawford Head of Digital Assets, VanEck 24:01

Magnificent Seven margins and ROI under pressure.

The Magnificent Seven are entering highly competitive cloud businesses and developing their own AI models; incremental margins and ROI may not be as good as their legacy digital advertising businesses, leading to potential multiple compression and lower attractiveness.

Ankur Crawford Head of Digital Assets, VanEck 26:16

Memory oligopoly faces surging AI demand.

The memory chip space is now an oligopoly of three players (Micron, SK Hynix, Samsung) after consolidation; these players are disciplined on adding capacity due to historical scars, while exponential AI compute demand (agentic AI etc.) requires almost unfathomable amounts of chips, creating a very favorable supply-demand dynamic.

Kevin Gordon Head of Macro Research and Strategy, Schwab 42:01

Weak small-cap flows are contrarian bullish.

Small caps have outperformed the S&P 500 over two years, yet retail flows into Russell 2000 ETFs remain very weak, creating a sentiment backdrop that is contrarian bullish; rotation under the surface of the market is supportive of the asset class.

Stephen Yalof CEO, Prologis 77:10

World Cup tourism and expansion boost Tanger.

Tanger is seeing surging traffic from World Cup tourism (present in 8 of 11 host cities), a summer of domestic tourism, and population shifts into its markets; expansion into full-price lifestyle centers adds growth, with 5-10 year leases on strong brands.

Michael Linenberg Research Analyst, Deutsche Bank 84:54

Full-service carriers benefit from premium demand.

Delta Air Lines and other full-service carriers (United, American) are best positioned: premium and corporate demand is strongest, Delta owns a refinery that helps during fuel spikes, and industry-wide fare increases are stickier on the high end, while the exit of low-cost carriers like Spirit is lifting the entire fare structure.

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This Bloomberg Markets video, published July 09, 2026, features Stephanie Guild, Dana Telsey, Bonnie Herzog, Ankur Crawford, Kevin Gordon, Stephen Yalof, Michael Linenberg discussing MU, LEVI, PEP, MAGS, 000660.KS, 005930.KS, IWM, SKT, DAL, UAL, AAL. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Stephanie Guild, Dana Telsey, Bonnie Herzog, Ankur Crawford, Kevin Gordon, Stephen Yalof, Michael Linenberg · Tickers: MU, LEVI, PEP, MAGS, 000660.KS, 005930.KS, IWM, SKT, DAL, UAL, AAL