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AI Market Volatility, Europe Heat Wave, Venezuela Quakes Damage | Bloomberg This Weekend: June 27

Watch on YouTube ↗  |  June 28, 2026 at 03:38  |  3:04:56  |  Bloomberg Markets
Speakers
Cameron Crise — Macro Strategist, Bloomberg News
Mandeep Singh — Senior Analyst, Bloomberg Intelligence
Jen Judson — Defense Reporter, Bloomberg
Emma Court — Climate Reporter, Bloomberg

Summary

Bloomberg This Weekend covers AI-driven market volatility amid concerns over tech valuations, a record European heat wave driving climate inflation fears, geopolitical tensions in the Strait of Hormuz and Venezuela, and the Fed's potential rate hike ahead of midterm elections. Guests discuss memory chip capex headwinds, SpaceX overvaluation, and the intersection of AI spending with economic and political consequences.

  • Tech stocks suffer bruising week as levered ETFs amplify selling; NASDAQ Composite down 4.5%.
  • Cameron Crise warns memory chip makers face capex cycle headwinds, making SK Hynix and Samsung less attractive.
  • Mandeep Singh cautions on Micron as high memory prices trigger demand destruction from hyperscalers.
  • SpaceX valuation at 100x revenues is deemed unsustainable by Crise after stock returns to IPO price.
  • Europe heatwave sets records, raising climate inflation fears; ECB studies impact on food and overall prices.
  • Fed's Kashkari signals one rate hike this year; half of FOMC sees higher rates, pressuring markets.
  • Geopolitical flashpoints: renewed US-Iran strikes in Hormuz, Venezuela earthquake death toll rising.
Ideas
Cameron Crise Macro Strategist, Bloomberg News 29:00
SpaceX valuation too high, avoid
SpaceX trades at around 100 times revenues, an extreme valuation for a speculative company. Without the Elon Musk mystique, investors would avoid it. The stock has already fallen back to its IPO price, suggesting further downside is likely.
SPCX HIGH
Cameron Crise Macro Strategist, Bloomberg News 30:53
Memory chip capex makes prospects less rosy
Semiconductor memory makers SK Hynix and Samsung are entering a capex-heavy part of the cycle after raking in cash from hyperscaler spending. Now they must deploy significant sums themselves to maintain capacity, which makes their investment prospects less rosy than previously thought.
000660.KS 005930.KS HIGH
Mandeep Singh Senior Analyst, Bloomberg Intelligence 33:31
High memory prices lead to demand destruction
Micron Technology's recent growth was driven by pricing, but high memory prices are pushing hyperscalers to seek alternatives, including Apple looking to use Chinese memory from CXMT. This will lead to demand destruction and pressure memory pricing, making the outlook cautious for Micron.
MU MED
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This Bloomberg Markets video, published June 28, 2026, features Cameron Crise, Mandeep Singh discussing SPCX, 000660.KS, 005930.KS, MU. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Cameron Crise, Mandeep Singh  · Tickers: SPCX, 000660.KS, 005930.KS, MU