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Stock Rebound Falters; Trump Defends Unfreezing Iran Funds | Horizons Middle East & Africa 6/24/2026

Watch on YouTube ↗  |  June 24, 2026 at 06:44  |  46:04  |  Bloomberg Markets
Speakers
Dan Farley — State Street Investment Management Executive Vice President, CIO Investment Solutions Group
Eileen Burbidge — Passion Capital Founding Partner, NFG Ventures Founder
Unknown Guest — Bloomberg Mideast Money reporter

Summary

Asian stocks fell as a tech-led selloff revived AI bubble fears, while President Trump defended unfreezing Iranian funds. Dan Farley of State Street argued the AI rally still has room to run, supported by earnings. Eileen Burbidge highlighted memory chips as the best AI opportunity. The show also covered SpaceX's $25B bond sale, Namibia's Starlink license denial, and MGX's $50B AI fund raise.

  • Asian equities decline, erasing early rebound; KOSPI and TAIEX drop, TSMC weighs.
  • Tech-led selloff revives AI rally concerns ahead of Micron earnings.
  • Trump defends release of frozen Iranian funds, claims they are for US food/medicine; Iran disputes.
  • SpaceX sells $25B in investment-grade bonds, oversubscribed.
  • Namibia rejects Starlink license appeals on local ownership and compliance grounds.
  • Abu Dhabi's MGX raises nearly $50B for one of the largest AI-focused funds.
  • Dan Farley sees no AI bubble, says earnings support further equity upside in semiconductors.
  • Eileen Burbidge says memory chips will remain the core AI opportunity.
Ideas
Dan Farley State Street Investment Management Executive Vice President, CIO Investment Solutions Group 5:12
AI rally has more room to run.
The AI-driven equities rally still has room to run and is not a bubble. Earnings continue to deliver strong growth, supporting valuations, while multiples are not expanding on their own. The broad environment remains supportive for equities.
SMH MED
Eileen Burbidge Passion Capital Founding Partner, NFG Ventures Founder 33:31
Memory chips remain best AI opportunity.
Memory chips will continue to be the key opportunity in AI because they underpin the AI infrastructure. As AI companies like Anthropic come to market, demand for AI infrastructure, including memory, will keep running.
DRAM MED
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This Bloomberg Markets video, published June 24, 2026, features Dan Farley, Eileen Burbidge discussing SMH, DRAM. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Dan Farley, Eileen Burbidge  · Tickers: SMH, DRAM