South Korea's SK Hynix, Samsung to Put AI Trade to the Test | The Pulse 7/6/2026

Watch on YouTube ↗ | July 06, 2026 at 09:53 | 48:27 | Bloomberg Markets

Speakers

Monica Defend — Head, Amundi Investment Institute

Tim Craighead — Global Chief Content Officer, Bloomberg Intelligence

Anthony Stevens — Bloomberg Market Producer

Danny Lee — Seoul Bureau Chief, Bloomberg

Jamie Raskin — Director of Global Economics, Bloomberg Economics

Summary

The episode covers key market developments: Samsung earnings and SK Hynix's US listing as an AI trade test; Amundi's Monica Defend advocates selective AI plays in European sectors and yield curve steepeners, while turning cautious on China and India. EasyJet agrees to a Castlelake takeover. Bloomberg Intelligence highlights longs in Microsoft, Halma, and Telekom Malaysia, and avoids in Barry Callebaut and Mattel. Geopolitical topics include the NATO summit, Ukraine, Iran, and Strait of Hormuz shipping.

Samsung earnings and SK Hynix ADR listing set to test AI trade momentum this week.
Monica Defend favors European industrial, defense, and financial sectors as AI enablers lagging upstream.
Defend turns cautious on China and India equities; sees steepening yield curve as structural fixed-income theme.
EasyJet accepts Castlelake's 690p/share takeover offer; shares still trade below the bid, implying potential for a higher offer.
Bloomberg Intelligence focus ideas: LONG Microsoft (MSFT), Halma (HLMA), Telekom Malaysia; AVOID Barry Callebaut (BARN), Mattel (MAT).
NATO summit in Ankara; Trump meets Zelenskyy as Russia-Ukraine conflict intensifies and defense spending remains a friction point.
Oil tanker traffic through Strait of Hormuz slowly recovering but still below pre-war levels; OPEC+ supply increase adds to oversupply fears.
US futures rise, led by Nasdaq; SK Hynix reduces ADR deal size slightly to $28 billion.

Ideas

Monica Defend Head, Amundi Investment Institute 6:18

Favor European industrial, defense, financial sectors.

European industrial sector is a key play because it contains AI enablers whose performance has lagged behind upstream names; defense and financial sectors also offer opportunity in the current rotation. This is where value and performance can come from in the remainder of the year.

Monica Defend Head, Amundi Investment Institute 7:51

Cautious on China and India equities.

Turning more cautious on China and India within emerging markets, as the structural growth story remains but being selective is critical; lower oil prices could benefit Asia overall but caution warranted on those two markets.

Monica Defend Head, Amundi Investment Institute 11:06

Steepening yield curve is structural theme.

With central banks moving away from forward guidance and data-dependent, taking directional duration positions is difficult; the most structural theme in fixed income is steepening of the curve, especially the five-year area.

Tim Craighead Global Chief Content Officer, Bloomberg Intelligence 42:00

Microsoft cloud and Office suite surprise.

Microsoft is unloved and has lagged on fears of AI disruption, yet it remains one of the biggest cloud providers; a new Office suite in the second half is expected to surprise on revenue upside.

Tim Craighead Global Chief Content Officer, Bloomberg Intelligence 43:27

Halma photonics play on data centers.

Halma has a photonics business making optical sensors that replace copper in data centers, increasing bandwidth and reducing latency; a major hyperscaler is a big customer, and revenue is expected to surprise.

Tim Craighead Global Chief Content Officer, Bloomberg Intelligence 44:03

Telekom Malaysia AI infrastructure buildout.

Malaysia is becoming an AI infrastructure hub as Singapore runs out of space; Telekom Malaysia provides the digital infrastructure and should benefit from the buildout with revenue upside.

Tim Craighead Global Chief Content Officer, Bloomberg Intelligence 44:20

Barry Callebaut faces cocoa headwinds.

Chocolate makers are using less cocoa in formulas after price spikes, pressuring volumes for cocoa processors; El Niño could have a negative cost impact, continuing the squeeze on Barry Callebaut.

Tim Craighead Global Chief Content Officer, Bloomberg Intelligence 45:18

Mattel faces toy demand shift.

Toy demand is shifting away from dolls toward building sets and trading cards; Mattel's Barbie movie boost is over and more revenue disappointment lies ahead.

Up Next

Capital Market's "Law of Gravity"? Big Tech's Funding Dries Up At This Time | Hong Seonae, Lee Euntaek KB Securities Asset Allocation Strategy Directors [Yeouido Insight]

3PRO TV (삼프로TV) · Jul 06

Q2 Earnings, Nasdaq Listing… Semiconductor Top Two’s “Week of Destiny”

Chesley Investment Advisory (체슬리투자자문) · Jul 06

[July 6th Closing Market Review] Domestic Stock Market with No Direction or Color… The Identity of 'Supply and Demand Imbalance' Ignoring Even Earnings | Hong Seonae, Lee Gwonhui, Kim Jangyeol [Closing Bell Live]

3PRO TV (삼프로TV) · Jul 06

Samsung Electronics Provisional Earnings Announcement, "This" You Must Pay Attention To / 24-Hour Foreign Exchange Market Trading Implemented, Can It Catch the Exchange Rate? | Lee Kwon-hee CEO

815 Money Talk (815머니톡) · Jul 06

Samsung Earnings Pivotal for Korea Bulls: 3-Minutes MLIV

Bloomberg Markets · Jul 06

This Bloomberg Markets video, published July 06, 2026, features Monica Defend, Tim Craighead discussing European industrial stocks, ITA, EUFN, FXI, India Equities, 5s30s steepener, MSFT, HLMA, MYMMY, BARN.SW, MAT. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Monica Defend, Tim Craighead · Tickers: European industrial stocks, ITA, EUFN, FXI, India Equities, 5s30s steepener, MSFT, HLMA, MYMMY, BARN.SW, MAT