Episode summary
Daybreak Holiday: Global Technology, Antitrust, Summer Travel | Bloomberg Daybreak: US Edition
Bloomberg Daybreak: US Edition
· · 40 min · Hosts: Nathan Hager · Guests: Mandeep Singh, Anurag Rana, Jenn Rie, Nikki Ekstein, Chris Rovzar
Summary
The holiday edition focused first on tech, where Bloomberg Intelligence analysts said Micron Technology and the broader memory-chip group remain in a powerful upcycle driven by AI demand. The analysts argued that stockpiling, server deployment, and inferencing workloads are still boosting DRAM, NAND, and high-bandwidth memory, while constrained industry capacity is keeping pricing elevated. They also said the market’s current trade still favors semis over software, even as some software names have recently stabilized.
Key takeaways
- The analysts said Micron could post over 200% growth in 2026 because AI-related memory demand is still outpacing supply.
- The analysts said capex is likely to be revised upward again, which keeps the trade tilted toward semis and hardware over software.
- The analyst covering software said bigger names like SAP may be better protected than Adobe, but enterprise migration to homegrown systems remains a long-term risk.
- Jennifer Ree said Paramount SkyDance’s $10 billion Warner Brothers Discovery deal still needs clearance in the UK, Europe, and possibly state court despite DOJ approval.
- The travel guests said summer demand is holding up, with 66% of travelers still spending more and 43% using savings to do it.
Notable quotes
“micron probably going to post over 200% growth uh you know uh this year in 2026”
“the easy trade for everybody is capex is going up. So the hardware and the semi-names should benefit”
“we are still early in the AI model race but down the road there is a high chance that some of them will lose”
“this deal needs approval from regulators in the UK and also in Europe before it can close”
“the use of rewards to pay for your travel is up 820% this summer”
How the episode opens
Hello everybody and thank you so much for joining us for this special edition of Bloomberg Daybreak. US markets are closed for the Junth holiday. I'm Nathan Hager.
Coming up this hour, we look at the state of antirust in America with a Paramount Skyance takeover of Warner Brothers Discovery getting final approval from the Justice Department. But is it final? We'll discuss with Jennifer Ree of Bloomberg Intelligence.
Plus, the official start of summer is just days away. We'll look at what's in store for summer travel season with Nikki Xeen and Chris Rouseer of Bloomberg Pursuits. But we begin with earnings because one of the big flyers in the tech space, Micron Technology is set to report next week for a look at that and more of what the tech landscape's looking like about halfway through the year.
We are very pleased to welcome Mandep Singh, global head of technology research at Bloomberg Intelligence along with Bloomberg Intelligence senior tech analyst Honorag Rana. It's great to have the both of you with us on this holiday. And I mean, you just think about the uh the run that the not just Micron, but pretty much all of the uh memory chip stocks have had this year.
It has been mind-boggling. Mandy, what are we expecting when we actually hear second quarter numbers from Micron in the coming week? When it comes to Micron, they have had a phenomenal upward revision this year simply because memory demand has inflicted uh first we saw that with HPM the high bandwidth memory that was used with all the accelerator chips.
Now we have seen the same with uh DRAM and NAND and other types of memory. And uh you know there is a lot of stockpiling going on but for a good reason because uh you know when you look at the large language models and the inferencing side of LLMs there is no doubt that uh you know these models are being used for use cases like coding agents and uh that has just resulted in a lot more demand for uh all types of memories and uh that's showing up in the device upgrades that's showing up in the new server deployments.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- micron earnings
- global technology
- antitrust cases
- summer travel
- big tech landscape
Companies and tickers mentioned
- MU
- Micron Technology
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
More from Bloomberg Daybreak: US Edition
-
Nvidia Weighs Succession Plans; Congress Preparing to Subpoena Jensen Huang | Bloomberg... -
GOP Thwarts Hegseth Impeachment; CoreWeave Quiets Doubts | Bloomberg Daybreak: US Edition -
FBI Investigates Nvidia CEO, Anthropic IPO Snafu | Bloomberg Daybreak: US Edition -
Nvidia CEO Affair Sparks Probe, Trump Admits Policy Mistake | Bloomberg Daybreak: US Edition -
BONUS SERIES: Levittown Episode 6 | Warp Speed | Bloomberg Daybreak: US Edition -
Daybreak Weekend: US CPI, Ireland Summit, China's Singles Day | Bloomberg Daybreak: US Edition
Bloomberg Daybreak: US Edition, this episode and its artwork belong to Bloomberg. Octagon is not affiliated with the show; this page is an independent summary.
