Micron Revives AI Bets as Oil Slumps | Insight with Haslinda Amin 06/25/2026

Watch on YouTube ↗ | June 25, 2026 at 07:12 | 47:08 | Bloomberg Markets

Speakers

Anthony Stevens — Bloomberg Market Producer

Teck Leng Tan — Executive Director and AIPAC Strategist, UBS Wealth Management

Peter Kim — Global Investment Strategist, KB Financial Group

Anindya Bakrie — Chairman, Indonesian Chamber of Commerce and Industry

Bloomberg Equities — Reporter

Asia Equities — Reporter

Jason Thomas — Head of Investment Strategy, Carlyle

Zhang Ya-Qin — Former President, Baidu

Summary

The program covers tech and macro themes: Micron's blowout earnings and SK Hynix's US listing plan reignited the AI trade, boosting semiconductor supply-chain stocks. A strong dollar, hawkish Fed expectations and core PCE data pressured Asian currencies and gold. Strategists advised diversifying into yuan, Aussie and Singapore dollars, while Peter Kim set a KOSPI target of 10,000 with 30% upside for Samsung and SK Hynix. Indonesia's MSCI review delay highlighted structural challenges, but its chamber chairman argued the economy is resilient with rupiah upside.

Micron's strong margin guidance signals a structural memory shortage, boosting semiconductor materials and equipment stocks in Taiwan and Japan.
SK Hynix's US listing aims to narrow its valuation discount to Micron, driving the stock sharply higher.
The US dollar is near a breakout as core PCE trends higher; gold and Bitcoin retreat on dollar strength and retail rotation into semiconductors.
UBS strategist Teck Leng Tan recommends diversifying out of USD into Chinese yuan, Australian and Singapore dollars.
Taiwan dollar is poised for 3-4% appreciation once dollar strength fades, supported by a tech trade surplus.
Peter Kim targets KOSPI at 10,000 year-end, implying a 30% upside for Samsung Electronics and SK Hynix on strong AI earnings.
Indonesia faces an MSCI review delay; the chairman of its chamber of commerce points to 5.6% GDP growth, trade surpluses and potential rupiah gains.

Ideas

Anthony Stevens Bloomberg Market Producer 5:10

AI shortage fires Asian semiconductor materials.

Micron's 85% margin guidance points to a structural memory shortage, triggering massive capacity buildout that benefits the entire semiconductor supply chain. Materials, equipment and bottleneck plays in Taiwan and Japan have exploded higher and remain a sustainable way to play AI demand.

Anthony Stevens Bloomberg Market Producer 7:29

Dollar breakout against major currencies imminent.

Core PCE is trending higher and the Fed is hawkish. The dollar is on the brink of a breakout, already broken out against the euro and gold. This is a macro-driven move that will dominate near-term currency markets.

Anthony Stevens Bloomberg Market Producer 8:03

Avoid gold and crypto amid dollar strength.

Riskier ways to play a weak dollar have been decimated. Gold and Bitcoin rallies were retail-driven euphoria; with the dollar strong and retail money chasing semiconductors instead, these debasement trades lack fundamental support and will struggle until the dollar trend changes.

Teck Leng Tan Executive Director and AIPAC Strategist, UBS Wealth Management 14:58

Long yuan, Aussie, Sing dollar vs USD.

Near-term dollar may stay stronger longer, but the Fed will not deliver two hikes as priced. Use current dollar strength to diversify out of USD on a medium-to-longer term basis. Within Asia, stick to safer currencies with hawkish policy bias — the Chinese yuan (still holding up on a 3-month basis), the Australian dollar (offers value) and the Singapore dollar (expected to maintain a hawkish bias).

Teck Leng Tan Executive Director and AIPAC Strategist, UBS Wealth Management 18:08

Long Taiwan dollar, 3%-4% upside ahead.

The Taiwan dollar is resilient but masked by broad dollar strength. A powerful tech trade surplus will translate into appreciation once dollar strength fades, offering 3-4% upside. Unlike the Korean won, there is no single-stock concentration issue.

Peter Kim Global Investment Strategist, KB Financial Group 34:44

Bullish KOSPI, Samsung, SK Hynix +30%.

AI-driven earnings visibility is extremely compelling for Samsung and SK Hynix. The cycle is only halfway through, backed by strong earnings and balance sheets, not a bubble. Year-end KOSPI target of 10,000 implies a comfortable 30% upside for both Samsung Electronics and SK Hynix.

Anindya Bakrie Chairman, Indonesian Chamber of Commerce and Industry 44:23

Bullish Indonesia: rupiah and equities.

Indonesia grew 5.6% in Q1, created 800,000 jobs and runs trade surpluses with China and the US. $30bn of foreign investment flowed in Q1. This momentum will help the rupiah strengthen, and fiscal discipline measures are being taken to support the market.

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