Name: Micron, Qualcomm Jump on Bright AI-Fueled Forecasts | Bloomberg Businessweek Daily 6/25/2026
Uploaded: 2026-06-25T22:07:41+00:00
Duration: 2925 s

Speakers

Ed Ludlow — Co-Host, Bloomberg Technology

Cristiano Amon — CEO, Qualcomm

Tanya Katari — Deputy CIO, Solutions and Multi-Asset, Morgan Stanley Investment Management

Jess Mention — Bloomberg News Deputy Team Leader and Senior Reporter

Nick Nafisi — Global Head of Retirement Solutions and Head of LifePath, BlackRock

Summary

The episode covers AI-driven semiconductor gains led by Micron's blowout earnings and Qualcomm's AI data center ambitions. Morgan Stanley's Tanya Katari outlines an AI investment framework favoring infrastructure, select software, and robotics supply chains. BlackRock's Nick Nafisi discusses retirement readiness and the shift toward alternatives. Oil prices rise on Strait of Hormuz tensions, while Apple falls on memory price pressures. The World Cup in the U.S. generates excitement with commercial implications.

Micron surges on strong AI memory demand and tight supply.
Qualcomm projects $15B in AI data center sales by 2029.
Morgan Stanley sees durable AI infrastructure opportunity and oversold software.
Robotics supply chain (actuators, sensors) is the next AI cycle.
Oil jumps after Iranian attack on a ship in the Strait of Hormuz.
Apple drops on reports of price hikes due to memory chip shortages.
BlackRock report shows retirement confidence high but gaps remain; demand for alternatives rises.
World Cup hosted by U.S., Canada, Mexico boosts soccer enthusiasm and commercial prospects.

Ideas

Cristiano Amon CEO, Qualcomm 7:06

AI data center CPUs drive Qualcomm growth.

The data center is moving to a gigantic scale as AI shifts to specialist agent models, which creates a strong opening for Qualcomm's technology. The company forecasts annual AI-related data center sales will grow from $5 billion next year to more than $15 billion by fiscal 2029, targeting a market where CPU companies are on the rise and demand is accelerating.

Ed Ludlow Co-Host, Bloomberg Technology 10:16

Memory chip shortage drives pricing power.

Micron delivered a blowout earnings report, resetting expectations for the entire memory industry. Supply is tight and expected to remain tight for a long time, giving Micron significant pricing power. The fiscal Q4 sales forecast of $51 billion crushed estimates of $43 billion, driven by data center and high-bandwidth memory demand. This supply-constrained environment is highly favorable for Micron and points to sustained strength.

Tanya Katari Deputy CIO, Solutions and Multi-Asset, Morgan Stanley Investment Management 13:51

AI infrastructure demand strong for years.

The AI infrastructure layer—chips, memory, photonics, cooling equipment—is transitioning from a historically cyclical story to one with about eight quarters of visibility. Management teams confirm strong traction extending at least through end of next year, making this a durable investment theme with pricing power and scarcity value.

Tanya Katari Deputy CIO, Solutions and Multi-Asset, Morgan Stanley Investment Management 14:22

Oversold cybersecurity and enterprise software attractive.

Software has significantly undershot hardware, creating a big dislocation. The selloff is overdone for companies that possess unique data, domain expertise, compliance understanding, and distribution. Leaders in cybersecurity and enterprise software are being decimated by the market despite these defensive moats and ability to integrate AI, presenting a clear value opportunity.

Tanya Katari Deputy CIO, Solutions and Multi-Asset, Morgan Stanley Investment Management 14:56

Buy robotics supply chain, not builders.

The next capital cycle in AI is moving into the physical world—robotics, drones, autonomy. Investors should not buy the robot makers themselves but the supply chain: actuators, sensors, and components that enable physical AI. This is a new, differentiated area of exposure with secular growth tailwinds.

Micron, Qualcomm Jump on Bright AI-Fueled Forecasts | Bloomberg Businessweek Daily 6/25/2026

Summary

Ideas

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