On this special Juneteenth Holiday edition of Bloomberg Daybreak - hosted by Nathan Hager: - We survey the big tech landscape ahead of Micron Earnings with Mandeep Singh, Bloomberg Intelligence Global Technology Lead and Anurag Rana, Senior Technology Analyst at Bloomberg Intelligence -We look at state of anti-trust cases in America with Jenn Rie of Bloomberg Intelligence. - Plus, We are just days away from the official start of summer..So we thought it would be a good time to look at travel as many get to embark on vacations..We do that with Nikki Ekstein and Chris Rovzar of Bloomberg Pursuits. See omnystudio.com/listener for privacy information.

Daybreak Holiday: Global Technology, Antitrust, Summer Travel

Bloomberg Daybreak: US Edition

# Full Transcript

**Podcast:** Bloomberg Daybreak: US Edition

## Transcript

The Big Take podcast from Bloomberg News keeps you on top of the biggest stories of the day. My fellow Americans, this is Liberation Day. Stories that move markets. Chair Powell opened the door to this first interest rate cut. Impact politics. Change businesses. This is a really stunning development for the AI world and how you think about your bottom line. Listen to The Big Take from Bloomberg News every weekday afternoon on the iHeartRadio app,

Apple Podcasts, or wherever you get your podcasts. Hello everybody and thank you so much for joining us for this special edition of Bloomberg Daybreak. US markets are closed for the Juneteenth holiday. I'm Nathan Hager. Coming up this hour we look at the state of antitrust in America with a paramount Skydance takeover of Warner Brothers Discovery getting final approval from the Justice Department. But is it final? We'll discuss with Jennifer Rhee 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 Eckstein and Chris Rauser 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 is looking like about halfway through the year, we are very pleased to welcome Mandeep Singh, global head of technology research at Bloomberg Intelligence, along with Bloomberg Intelligence

senior tech analyst Anurag Rana. It's great to have the both of you with us on this holiday. And I mean, you just think about the run that not just Micron, but pretty much all of the memory chip stocks have had this year. It has been mind boggling. Mandeep, 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 inflected. 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 DRAM and NAND and other types of memory. And

you know, there is a lot of stockpiling going on, but for a good reason, because you know, when you look at the large language models and the interesting side of LLMs, there is no doubt that, you know, these models are being used for use cases like coding agents. And that has just resulted

in a lot more demand for all types of memories. And that's showing up in the device upgrades that showing up in the new server deployments. But this is a very big secular trend and which is why you're seeing, you know, Micron probably going to post over 200% growth, you know, this year in 2026.

That demand has led to huge increases, as you know, in memory chip prices and huge increases in capital expenditure forecast by so many of these companies. I wonder when we start to see a top on both of t...

Daybreak Holiday: Global Technology, Antitrust, Summer Travel

Transcript

Built for investment professionals

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

Daybreak Holiday: Global Technology, Antitrust, Summer Travel

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.