Name: Stocks Slide As Tech Jitters Return | Open Interest 6/26/2026
Uploaded: 2026-06-26T16:31:32+00:00
Duration: 5233 s

Speakers

Anastasia Amoroso — iCapital

Mandeep Singh — Senior Analyst, Bloomberg Intelligence

John Giamatteo — CEO, BlackBerry

Ed Ludlow — Co-Host, Bloomberg Technology

Sarah Hunt — Chief Market Strategist, Alpine Saxon Woods

Dani Burger — Anchor, Bloomberg Television

Andrew Clare — CEO, Elroy Air

Summary

Global stocks close the week lower, led by renewed tech jitters and a sharp drop in oil. Micron’s soaring margins spark fears of a memory cycle turn, while analysts question AI capex sustainability and point to potential cuts from hyperscalers. A Partners Group strategist sees oil heading lower into 2027, and BlackBerry’s CEO touts its QNX software growth as a resilient bright spot.

S&P 500 posts fifth straight decline as tech selloff intensifies.
Micron’s 85% margins and pricing power raise concerns about memory cycle risks.
Brent crude plunges 4% to $72 despite Hormuz tensions; strategist forecasts further downside.
Mandeep Singh warns of a possible digestion period for memory and capex cuts at Meta/Microsoft.
BlackBerry CEO says QNX software is a fast-growing driver with certification-led resilience.
OpenAI delays its IPO amid capital markets fatigue after SpaceX deals.
Russell reconstitution adds small caps, while USMCA renegotiation threatens auto supply chains.
Robert Friedland pitches geothermal as the solution to AI’s baseload power needs.

Ideas

Anastasia Amoroso iCapital 9:33

Oil prices will drop further into 2027.

Oil prices could drop further into 2027 as producers maximize volumes and the market moves into surplus, with inventories building. Demand adjustments and the resumption of Hormuz shipping have eased earlier supply fears, leaving Brent near $72.

Mandeep Singh Senior Analyst, Bloomberg Intelligence 36:02

META, Microsoft may cut capex, hurting stocks.

Meta and Microsoft are already in bear markets with questionable AI ROI. There is a definite case where one of them blinks and cuts capex, which would further hurt their stocks.

Mandeep Singh Senior Analyst, Bloomberg Intelligence 37:41

Memory cycle to turn, Micron margins unsustainable.

Memory cycle likely to turn; Micron's extremely high margins are drawing attention as unsustainable. Hyperscalers face cost pressure and will seek alternatives or scale back spending, risking a digestion period that hurts Micron.

John Giamatteo CEO, BlackBerry 66:00

BlackBerry QNX software driving automotive growth.

BlackBerry's QNX software is a fast-growing driver across automotive, industrial automation, and medical devices, backed by high-level safety certifications that provide resilience against AI competition and a moat.

This Bloomberg Markets video, published June 26, 2026, features Anastasia Amoroso, Mandeep Singh, John Giamatteo discussing BNO, META, MSFT, MU, BB. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Anastasia Amoroso, Mandeep Singh, John Giamatteo · Tickers: BNO, META, MSFT, MU, BB

Stocks Slide As Tech Jitters Return | Open Interest 6/26/2026

Summary

Ideas

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