Bloomberg’s Caroline Hyde discusses Micron earnings as the memory maker plans heavy spending on production to meet demand. Plus, Alibaba says it&#x27;s aiming to generate $100 billion in cloud and AI revenue within the next five years, even as earnings come under pressure. And, Uber is set to invest up to $1.25 billion in Rivian&#x27;s robotaxi fleet in the ride-hail company’s latest deal.<br>See omnystudio.com/listener for privacy information.

Micron Warns of Heavy Spending Amid Memory Crunch

Bloomberg Tech

# Full Transcript

**Podcast:** Bloomberg Tech

## Participants

- **Caroline Hyde** (Bloomberg)
- **Ed Ludlow** (Bloomberg)
- **Dina Bass** (Bloomberg)
- **Martin Norton** (Empower)
- **Yukyung Lee** (Bloomberg)
- **Jacob Cook** (WPIC)
- **Natalie Leung** (Bloomberg)
- **Mitch Lee** (ARC)
- **Ethan Choi** (Coastal Ventures)

## Transcript

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Bloomberg Audio Studios. Podcasts, radio, news. Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Ludlow in San Francisco. This is Bloomberg Tech coming up. Micron warns of heavy spending on production to meet demand for its memory chips. We'll break down the company's results. Plus, Alibaba says it's aiming to generate

$100 billion in cloud and AI revenue within the next five years, even as earnings come under pressure. And Uber and Rivian, they team up with Uber set to invest up to $1.25 billion in Rivian's robo-taxi fleet. We have the details on the deal. But first, we have the details on the macro picture. Once again, stocks are under pressure today. This is because oil pushes high. The conflict intensifying in the Middle East and energy infrastructure under fire. We're currently

seeing up 3% on Brent. But boy, had it spiraled higher earlier. Huge moves in the bond market start to dial down. We've seen 18 basis points on the two-year. Extraordinary moves in the UK on its gilts. But we are worried about inflationary pressure and the ability of central banks to make a move. We saw the ECB, the BOE, and of course, the Fed yesterday and the Japanese overnight all keep rates on hold. But all of them eyeing whether or not policy moves will be needed in the near term.

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Micron Warns of Heavy Spending Amid Memory Crunch

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
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Micron Warns of Heavy Spending Amid Memory Crunch

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.