micron voter but over the last five years _ micron voter but over the last five years they — micron voterive years they have made _ micron voter but over the last five years they have made mistakes i micron voter but over the last five i years they have made mistakes and have not— years they have made mistakes and have not been— years they have made mistakes and have not been very _ years they have made mistakes and have not been very efficient - years they have made mistakes and have not been very efficient so - years they have made mistakes and have not been very efficient so i- have not been very efficient so i wanted — have not been very efficient so i wanted to — have not been very efficient so i wanted to go— have not been very efficient so i wanted to go a _ have not been very efficient so i wanted to go a little _ have not been very efficient so i wanted to go a little bit - have not been very efficient so i wanted to go a little bit back . have not been very efficient so i wanted to go a little bit back to| wanted to go a little bit back to the republicans _ wanted to go a little

this was key for micron. the outlook that missed some of the more ambitious expectations across markets. micron down as a result of that after hours, close to 8%, the ripple across to chipmakers in asia, also feeling the pain of this. it is a reminder on a week when you have seen volatility pronounced around the moves on nvidia. the losses over a three-day period, and then the rebound, now the question marks around micron, a reminder of the risks of the expectations for this ai frenzy. we will continue to unpack the story throughout this hour. let's look cross assets briefly. bit of a sell of across u.s. treasuries yesterday, tying into this expectation that rates will be higher for longer, that maybe the inflation data on friday out of the u.s. pce will come in higher than expectations. the u.s. 10-euro 4.32 right now, 1.06 euro-dollar, up a 10th of a percent, the dollar giving back some of its gains on the session today. 160, japanese yen, currently down 0.3%. $85 a barrel on brent, down zero .2%. let's cro

. >>> the pull back on micron. shares hit hard in the pre-market. >>> big banks getting passing grades with the stress test. >>> sam altman with the bold outlook on a.i. >>> we get the unofficial kickoff to earnings season. it's thursday, june 27th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning and welcome to "worldwide exchange." thank you for being with us. let's get you ready for the trading day ahead. we kickoff the hour with a check of the futures. look at futures. in the red across the board. all three indices down. the dow would open up 30 points lower. today, the issue is big tech with the nasdaq off the second straight day of gains and another historic market cap milestone. this time around is amazon. becoming the fifth u.s. company to ever hit a $2 trillion market cap. much more on amazon later on in the hour. shares in the pre-market, down slightly. we have the first quarter gdp read today. the benchmark is ticking up 4.33. we wait for the economic report and, of cours

let's check in with the president and ceo of micron technology.to "mad money." >> jim, great to be back on your show today. >> thank you, sanjay. let's step back for a moment from the day-to-day trading. you have come up with some incredible chips. they're not commodity chips. they're incredibly proprietary, and you have a hide-bandwidth memory chip that's probably going to be the star of the next 10, 15 years for a.i. you are not given to hyperbole. there are people who want you to be hyperbolic. is it not true that these chips could be -- particularly high bandwidth memory -- huge chips for many years because of a.i.? >> absolutely. we are in the very early innings of a.i. here. high-bandwidth memory last year was in single digit billions of revenue, low single-digit billions of revenue in our industry. as we look ahead in 2025, high-bandwidth memory is going to grow to over $20 billion of revenue, and micron, in the very first quarter we reported we began shipping this product and already achieved $100 million of revenue, and we said in our fis

as micron said, we are sold out through 2024 and 2025, and yet you get this kind of reaction.'s more of reaction. to me, it's more of a psychological thing than an actual factual change, and sometimes the market when it moves, as quickly as it has will trigger those reactions. this turned our attention to the giant of that ship making industry nvidia, there had a recent meeting, has anything coming out of that that would really any concerns?- coming out of that that would really any concerns? they are, the c0 answered _ really any concerns? they are, the c0 answered a _ really any concerns? they are, the c0 answered a few - the c0 answered a few questions, there is a question about quantum computing and they're not doing quantum computing, some of their software as will be used for that application down the road and they made a comment they were reported by blackwell their next generation gp, the most popular product of all in all computer history. he is prone to a few of those grandiose statements, so nothing really new came out of it. ithink it nothing really new came out of

citi says micron suspects that's above micron's historical average but below ai peers. nearly $166 a share. the stock trading around 135. one key focus micron's build out of chip factories in idaho and new york as it faces competition from the likes of sk hyknicks and samsung. >> seema moody again. catch, of course, san jay tonight on "mad money" at 6:00 p.m. eastern time. interesting to hear his conversation with jim. >> for sure. turn to amazon the company crossing the $2 trillion market cap threshold that happened yesterday. it's about $40 billion above that right now. it came the fifth u.s. company to hit that level. amazon, of course, trading at an all-time high dating back to its ipo in may of 1997. tom for te joins us now. tom has a buy rating on amazon. a price target of 238. up about 20% from current levels. good to catch up with you. i will start by saying amazon almost three years ago hit $1.9 trillion in market cap. so what happened in the intervene time post pandemic that i guess the street backed away from the name and has now in a sense rushed back in to

and look ahead to micron reporting in overtime.at happens with pce on friday morning. before we start putting chips on the table again. >> it feels that way. it feels that the default mode of the market is just general service level, calm, allowing things to move around underneath, but not really getting rattled. today is interesting because backing off in nvidia and it's not really small caps in the majority of other stocks that are taking up the slack, it's the other big ones. >> apple is up 2%. >> it's basically non-semi-mega cap. >> amazon 4%. >> it again reenforces this idea that people are happy to maintain general exposures out there to the market, as we sit here all-time highs, worth engs the s&p was the day before nvidia peaked. it wasn't as if we're ignoring everything, there's just enough demand or lack of people wanting to get out from for macro reasons that were fine on a market-wise basis. mindful of two-week highs on your treasury yields today, mindful of the fact that the u.s. dollar index is pushing the upper end o

coming up, micron is out and we have the details on what to expect.s getting a bit hands-on with some of the tech and looking at shares of paramount. headline out this morning, the discussion about paramount looking at global options and partnerships for streaming services. the saga continues about the future of paramount, the assets and ownership. for now the stock is down 1.3%. it is a story that will continue to track because from an m&a perspective or a streamer perspective it is something that our audience cares about. a lot more to come. this is bloomberg. ♪ is it me... or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. because when your people work better, everything works better. so, let's get to work. idris elba works here? mm-hmm. ya, he's super nice. her uncle's unhappy. i'm sensing an idunderlying issue.re? it's t-mobile. it started when we tried to get him under a new

this week, what is micron going to tell us about the future of a.i., what micron has shown us, theyave been in the shadow of nvidia and their up close to 70% this year, they've made their own path, they will be able to outline what the future is going to look like for their chips in for the nvidia chips because when it comes down to it without a.i., this market doesn't have a lot to get one. if you look at taking the a.i. stocks out of the s&p 500, we only had about a 45% gain this year. it's very important. stuart: could micron's earnings wednesday afternoon derail the a.i. surge? >> they could that i think earnings are going to be great. what i'm more focused on what is the ceo going to say about the future in terms of orders because keep in mind we had software companies like salesforce warning that they were spending a lot of money on ships and not as much money on software, that creates a very negative dynamic for technology. stuart: look to the debate the cnn presidential debate thursday night, what should investors pay attention to not just a voter but investors. >> if you lo

as micron said, we're sold out through 2024 and 2025, and yet you get this kind of reaction.it's more of a psychological thing than an actual factual change, and sometimes the market when it moves, as quickly as it has will trigger those reactions. let's turn our attention to the giant of that ship—making industry nvidia, there had a recent meeting, has anything coming out of that that would really any concerns? they are, the c0 answered a few questions — there's a question about quantum computing — and they're not doing quantum computing, some of their software as will be used for were reported by blackwell their next generation gp, the most popular product of all in all computer history. he is prone to a few of those grandiose statements, so nothing really new came out of it. i think it was things the company said in the pastjust that they are very competent, and we continue to see that businesses all over the world in every industry are interested in generative ai. 0ptimism around the technology has given amazon a record market valuation of over $2 trillion. that put the e

you also have micron reporting today. nvidia and micron work together.r nvidia chips, and maybe if we get a good report from micron, you'll see nvidia be up more than three-quarters of 11%. stuart: but if micron really disappoints -- lauren rawsh down. stuart: okay. we got that one. let's have a look at fedex because they are up sharply morning, at least they were a few minutes ago. lauren: whoa. stuart: 11%, that's sharp. >> cost cutting works. they lifted their -- for the year on the back of $222.2 billion -- 2.2 billion in permanent cost cutting. they're going to modernize their fleets and invest in automation. more cost cutting. that a saves you money in the end, right? less head count. and there's also a hope that all the disruptions in the red sea will eventually mean that they can raise prices. stuart: okay. they're up 11%. that's a sharp gain, indeed. broadcom is up. but i note they had a 5 of day slide moving into this. lauren: yep. stuart: they must have lost a cot -- lot of capital value. lauren: $115 billion or basically a boeing in 5 trading

the shares of micron had rallied ahead of this earnings report. how many other microns are there? ai darlings without the numbers to prove it? jonathan: the broader scores look like this. the s&p 500, negative by point 15%. -- .15%. crew just north of $81. coming up this hour, fantastic lineup for you. we will catch up with chris merengue. -- chris merengue. and maya mcguiness of the committee for responsible federal budget. at one still elusive. we begin with all eyes on atlanta tonight. president biden and donald trump going head-to-head in the first debate of the campaign. the tough part about this election is it is not entirely clear which candidate is truly better for the market. chris is with us around the table. morning tea. two focal points for you. one is alexion dynamics and the other is policy. what do you mean by election dynamics? chris: having an elected president on november 6 and one that is inaugurated in january. we have been here before. we have seen these dynamics play out in institutions survive, but there is going to be some stress around it. we will see how

futures slide after big tech is hit by micron's outlook falling short of lofty expectations, and from lengthy registration processes to taxes, a look at the red tape foreign investors face when trying to invest in indian bonds. for now, though, let's check out how that's check on how markets are faring. april -- avril: it is bleeding pretty much across the board in this parts of the world. earlier in the week, we thought we got through the nvidia correction, but then micron missing on its sales forecast, missing those lofty expectations, really hitting the chip stocks in this part of the world today, and those are the drags on the benchmarks, but it is also a story of the currencies, and this is amid the higher u.s. yields overnight, the resurgence in the dollar, although we are seeing a bit of a pullback now, and we saw earlier today the dollar index hitting the lowest level since november 2022, and that is also playing out, i think, on the currency, the chinese yuan, after we saw another week six, and this is for the longest streak in about a year. you get the sense that authorities

what's your trade on micron? >> i would continue to hold micron here. we've seen this playbook over and over in press months, with companies with ai exposure trading down, just because the market wanted more of a near term. i think it's pretty well posit positioned. the important part as investors, we've gotten more visibility in the last two, three months. they should have the opportunity to generate well over $10 per share of earnings power, perhaps even materially more than that. so, if you own it, i would continue to hold it here. >>> walgreens on boost of its biggest drop, with a potential of dropping a lot of stores. bertha coombs has the details. >> walgreens hitting a 26-year low, lowering the outlook. the issue is margins at the pharmacies. the back of the store, due to pressure from reimbursements from managers, front store, the ceo told me consumers are still stunned, he says, by the stickiness of high prices, and then there's theft. the result, a quarter of the stories are underperforming, looking to close though unprofitable locations. >> q

ian king, go to micron first.t feels as though they could not meet the highest mark out there for the estimates. ian: you are absolutely right. they are predicting revenue will be up 90% from where it was a year ago, albeit that's easy given how bad last year was. it's all about how much real demand are you getting from ai? how much of that high-margin product adds -- ed's favorite memory chip are you shifting and making money from? ed: thank you for that. i convinced you to make the video we made about high-bandwidth. iou. -- i owe you. we know it sales are in the quarter gone and the current period and the next fiscal year. you can see a clear path. as the investment in ai infrastructure ramps up, so to sale of high-bandwidth memory. ian: absolutely. 100 million dollars, which is relatively small for the quarter reported. going to multiple hundreds of millions of dollars and multiple billions next year. when your company that has about $6 billion of sales a quarter that's a good sign. a very good sign. caroline:

that is the gambles that micron is making. here, look at his bond on jack paddic speaking to me earlier from paris overall, despite considerable gains for the far right in from the netherlands, austria and germany, the center right, your up and people's bodies boys to remain the biggest party in new york in parliament. that's the policy of europe and the commission president is still up on the line. we're speaking a 2nd tom on the line promised. the e p. p would build a best to him against extremes, both on the campaign trail and she refused to go out, cooperating with members of the hard drive. like if it is the old, you know, need to get done with others. we will build a best. i guess the ex, streams from the ad from the right way. well let's move on to the chief and methylated sir richard walker, who is going to be now in the studio, which i get to say, you know, stuff on the line. they're talking about extremes from the left and from the right . but it's the gains of the far right. that really have been the story of this e

micron's party is pulling their place behind the leftist grouping.uggesting that you will get a political jamming up of the system across the french parliament and pushing through a policy agenda will be that much more difficult given the political arithmetic. what that means in terms of practical support, military funding and funding for the economy of ukraine, does it just dry up in that scenario? >> you are getting to the fifth constitution and how the executive can take some executive decisions without getting the parliament to vote. generally, the executive has great say on matters of national security and foreign policy. here the problem is the executive might be split between the president micron, that is supporting ukraine, and the prime minister and the rest of the government that is more neutral in the best case scenario. here i would say is a real battle as to who can get away with what in terms of decisions. micron will be able at a high level strategy forum to be able to voice france's best position on ukraine. but when it comes to money

paychecks and micron. and then on thursday mccormick, walgreens, boots and nike. so, of course, all of that and i will continue to be on nvidia as it's become such an important weighting in this overall market. for now, that's going to do it for "overtime." "fast money" starts right now. >> live from the nasdaq market site in the heart of new york city's times square this is "fast money." here's what's on tap tonight. wilting in the summer heat. we all are. this week some of the market's hottest momentum stocks, nvidia, chipotle and costco started to lose a little of their mojo. is this a bad sign for the health of the bull market. we'll debate. swooshing higher. bold call from an analyst on nike. traders set to weigh in on what they aren't buying what he's selling. >> gearing up for results from fedex and micron. rough end of the week for the big banks what is behind the beating of bitcoin right now. i'm melissa live from studio b at the nasdaq. on the desk, tim, karen, vanno and steve. i'm not losing my voice. not a peter brady moment. >> you've been on the netw

i think people printing from my micron backgrounds have full. and so the reason to be concerned because over the last few years, which we have seen is the tradition. administering parties have been taken very, but we might think migration policies both in terms of problems, all right, so microseconds use inside you, but also in terms of maintenance. if you use trying to reach you through externalization deals this month for kids, of course the party you live by, the current commission president on the line has been so one signing goals that deals with countries with tanisha of egypt and more time you. so what are the kinds of changes you are expecting and you policy on migration so we expect, so moving forward, we expect to see more externalization to use him to, to keep the microsoft eckridge's outside of fuel get bored, those at any cost we expect to see attempts to adopt the policies that would facilitate the violation of rights of my dress and she's inside you uh for example, through detention through deportations through denial looks that r

i micron was an ally or an adversary. l think_ micron was an ally or an adversary. llhink that's — micronthink that's the key to this. —— president — i think that's the key to this. —— president macron the other thing is why they— president macron the other thing is why they would risk their lives come across— why they would risk their lives come across the _ why they would risk their lives come across the water from the borders of france _ across the water from the borders of france to _ across the water from the borders of france to england. i can understand why people — france to england. i can understand why people would risk their lives coming — why people would risk their lives coming from tunisia or italy, but not that — coming from tunisia or italy, but not that. we need to understand what it is that _ not that. we need to understand what it is that this— not that. we need to understand what it is that this country has that is such— it is that this country has that is such a _ it is that this country has that is such a magnet. in it is that this country has that is such a magnet.—

as we made note of, micron, things are not equal. is that the worry for europe?ecause things are not equal across the board, asml and st micro not able to take on the significant gains that you are seeing globally for the likes of nvidia and all the other tech players. >> if you look at the tech versus the u.s., the weight is lower. we have more exposure to banks and more exposure to oil and gas and other sectors. those sectors play quite a role. short term, i'm worried we won't catch up. we have so many uncertainties in the market. you mentioned quite a few this morning. we have the u.s. debate later today. we have pmi late last week which was disappointing. we have the french elections, number one and two and uk next week. short term, u.s. and europe, i'm cautious on the short term. as soon as one month out, it will look brighter. you have earnings season starting which is a good starting point. in europe, we are quite co convinced we have strong beats again as we have seen in q1. we see stronger earnings than people expected. in q1, we will see a siml simil nu

>> micron is getting some love. eye also be on the company's memory chips and expansion into the ai universe. their price target is $175, they upped it from $150. investor also want an update from the ceo on its dealings with nvidia, the production of the high-band width memory to advance artificial intelligence. the stock has climbed of 60% this year, putting the valuation into question,although it has sold off in recent days. so that will be key, kelly. >> we appreciate it. tim, the street seems bullish on micron, but you're not a fan. >> i'll add a sell meeting. they certainly have a product and in terms of the revenue growth, off of some cyclical lows in '23. this was the ultimate cyclical semiconductor and so '23 to '24 was getting better either way. but the excitement around hbm, i get it, but i understand where i don't think they'll stand alone like nvidia does on the ai chip side. i think in memory, there is competition. i think this move in the stock, it's 65% to 70% year-to-date, 225% up since the beginnin

imagine, the minimum thickness of a baby's hair is approximately 20 microns.that surfaces are polished and leveled in production. with the accuracy of deviations, the magnitude of which is absolutely inaccessible to the human eye. a highly qualified optician produces the surface fabrication. after his work , the surface deviates from the ideal shape by a maximum of two to three microns. the specialists of our company have developed a unique software that allows the polishing pad to move along the surface of the parts at the required speed. slow down in those places where we need to remove the top of the bump. this unique equipment allows you to process mirrors up to 6 m in diameter. he was such a giant made for the russian telescope and is still the largest in eurasia. but it is not only the size of the mirrors produced that is special, but the material itself. he was given the name astrasetal. it is significantly lighter than its competitors; in space conditions , every gram is important. well, astrosital - that's it in general. a unique element and the main

micron earnings out tomorrow after the bell.expect a miss but if they did miss, would all a.i. stocks be hurt? >> no, not necessarily. i mean, it all depends on kind of what that guidance looks like and kind of the trajectory here of kind of a.i. spend looking ahead, so the actual quarter wouldn't necessarily be a miss but that said, we do expect a beat-and-raise-type quarter here they are coming out nicely from a downturn that they experienced in 2023 and momentum is building on a pricing side of things, supply demand for memory chips remain very favorable and again we think the a.i. spend is improving for micron's memory chips and the momentum will gain as the year progresses and you get more customer chips ramping. stuart: so one of you raised your 12 month price target too is it 141 now. where is it going? >> so our target price is $170 and actually when you kind of think about the a.i. trade out there, this is probably the cheapest way to play that a.i. theme, trading at about $170 based on a 13.5 pe multiple to our 2025 es

wall street punishing micron for a double earnings beat and year over year sales growth of 81%. it was pretty solid but apparently normal lies is a 4 letter word, the ceo said its data center business is normalizing after a torrid run up. micron falling 5. 8%. investors and read normalize as slow down, you need to ease your portfolio. to the floor show, scott shelladdy, j jacobs on sector leaders of tomorrow. equities taking stronger than expected data versus see as a threat to rate cuts. what's driving the market? >> the market is trying to find that out itself. we are not talking 2% inflation. it does come up every now and again. we are moving towards what the economy can handle or not handle. part of today's gdp report showed us the consumer is inherently weak. we've got inflation under control, the economy is not doing well, the consumer is not doing well and gdp is telling us, spending as much money as they did, that's another show. what's driving that is the narrow artificial intelligence sector that's driving things. a lot of other stocks on the s&p 500 haven't had the en

broadcom, marvel, amd, micron? who do you really like?, i mean, those are our favorite names. we do think the next catalyst is micron's earnings next week. we expect a very strong beat and raise but among the group, our favorite right now is actually marvel. we do have a strong buy recommendation on that stock and it's a combination of that a.i. play plus a cyclical trough in some of their other businesses that we think recovers over the next 12-18 months. >> [opening bell ringing] stuart: he thinks nvidia goes to 139. thanks, the market is almost open. now, it's open. away we go. we're going to, it's going to be a fairly narrow market as we move into the trading session. not that much price movement in the very early going. of course you have no idea how these things close out the day but what we're looking at now is the dow off, i'm sorry up 15 points, a fractional gain and an even split between winners and losers in the dow 30. the s&p 500 also on the downside but, upside i'm sorry, but only just .06% up. the nasdaq composite is up, i

a lot of microns travel through this deserts on the us self in boulder every day. researchers say deadly heating this region has become more likely due to global warming. us a photo just said safest for migrants to enter the country legally. we would highly encourage people to use the port of entries. don't try to cross illegally, especially through that desert. because this brutal heat is unforgiving and that's so what's happening is these people cross over and they're losing their lives. but such a warnings do know detour menu of those trying to cross the hottest day of summer. i still do come fit your needs obtained at this hour. stay tuned for a documentary coming up next with a peruse last read both fishers or find us online for more news and analysis, and d, w dot com. thank you so much for watching. the good news innovation, green the green revolution global. so listen to a whole lot of crime. it's probably up to speed if the carriers by the time is helping subscribe to the subscribe to plan, it's a the one chuckle, a coastal town in paris, p c.

i mean yellow instead place of manual microns together coalition at around 22 percent. that's the loss of nearly 4 points and the center arrived republicans in light blue takes shy of 10 percent. that's down almost 2 percentage points on 2022. it's not only the result the far right. we're hoping for. but one, they were sure they would get this echo, but to you, my dear, compact chance that the democracy had spoken and the friendship with the national rally and its allies and the lead set and practically wiped out from the crumbs blog. looking in order to carry out the reforms that the country needs, we need an absolute majority. so that show down. but della is appointed prime minister by emanuel michel ard taylor moving the pins process. she was all smiles as he welcomed the results. as i knew both was 3 weeks after the pain elections, which led to the call for these early elections. the french people haven't gotten delivered of a sounding verdict and confirmed that clear desire for change or selling people from one end of the political spectrum to the other. a new, far

the votes, easy amount of microns centrist phase, a major challenge from the far right. national riley that i'm are in the pen, which could when the majority of the national assembly for the 1st time, also coming up. the home, fans ecstatic as gemini, advanced, and the european championships. sony beats denmark in a dramatic game interrupted by turning rain and lightning will have a match rippled the . i'm told me a lot about welcome to the program, photos and friends that going to the polls to choose a new polymer and for the european union, 2nd largest economy. the snap election was called by president amount of mcroy after his parties poor showing and recent european elections. the stakes are high for a centrist, the lines, a sample show the far right and national riley party could win an absolute majority . the cheese, the face of the french far right. and the pin, the one who's made the modern national riley party. what it is. but this is their party's top candidates 28 year old. drill down by the who could become francis 1st far. right? prime minister, in modern times, a national

he sort of microns. so the thunder of the european parliament selections a bit away from the marine depend who obviously won in those european polls. he made this a nice but right off the back of it. so it really showed that he wanted the line like to be back on him, but also domestic. they have in front. he has not had a majority in the assembly, he has not been able to push any laws that he has been able to have to get through have to be through a constitutional play, essentially that allows him to push them through. so this is a big campbell from my chromebook one that he is hoping will pay off of the national drive received nearly 32 percent of the vote. does president mccall think the discipline change in favor of his body in less than 3 weeks? yeah, i mean this is, it is a, here's the i'm vicious campbell never comes. so this is that generally when people vote and this is across the european union in the european parliament selections, they've a more sort of environment, their own political belief

that is the gambles that micron is making here. and that was data object product reporting from 5 as earlier. now overall, despite considerable gains for the far right in from the netherlands, austria and germany, the center of the autopay and people spots these boys to remain the biggest party can be your pin bottom. and that's the policy of european commission president shut off on the line for seeking a 2nd. tom found a line promised. the b would been a best trip against extremes. but on the campaign trail and she refused to do not cooperating with members of the hard drives. like you to these, georgie are maloney and earlier today here, the billing was off on the line, was also more about how she plans to form a working majority in the parliament. just some of what you have to say separately is that email. as i said, i have always worked to achieve abroad majority for a strong europe. mm hm. and these turbulent times, we need stability. we need accountability, and we need continuity evolve and continue with it. throughout my 1s

we've got an earnings alert now on micron.res in the red, after earnings, despite a top and bottom line beat. let's get the explanation from seema mody. >> guidance seems to be why the stock is down, tyler. the ceo spending time on the earnings call discussing its next generation higher bandwidth memory product, which he says has 30% lower pow er consumptio. he adds that the shipment began in the third quarter. he says data center solid state drives are in the midst of a strong demand recovery, as customers have worked through their 2023 inventory and that the pc replacement cycle, where there's been a lot of questions around, should gather momentum through calendar 2025, as new artificial intelligence applications are rolled out. now, micron has been widely seen by the market as one of the a.i. beneficiaries in the semiconductor industry, providing the memory and storage for those systems. it s for those systems. it forecast failed to meet the high expectations, with the stock up 67%. analysts in the last hour saying you are

chip companies, just think of micron, on the up and up.s coming from this particular company. i'm looking at what isn't performing well. e.v.'s, if is ker, -- fisker files for bankruptcy. it's the second time that henrich fisker, the man who designed some real supercars, now sees once again another one of his company havings to file for bankruptcy, trying to protect himself from creditors. off by 48%. it does drag other e.v. makers down. tesla off by more than 2% today. we're going to flip gears and think about a privately held company that has been long in the head lights of regulation here in the u.s. i'm talking about the chinese company bytedance. parent company tiktok, of course. and it's entering a high stakes bid to overturn the potential ban of its app imposed by u.s. lawmakers. to talk us through how they are looking to do that is jamie, joining us with more. this is interesting. because much of the moves made by u.s. congress was because they'd had some closed-door meetings that made them really wroared about tiktok -- worried ab

micron is closest to the a.i. business recently. yes, the stock dropped on earnings, dropped a couple of a percent, but not to be unexpected since the expectations were so high on micron. and nevertheless, analysts raised their estimates. micron's news suggested that capital spin is going to continue to increase significantly, so despite higher expectations, we still see these thoughts having good long-term views. >> micron, if you want to go there, the stock is still down 6% this week. right? >> it is. and we expect -- we have seen a little bit of a pullback in semiconductor names. perhaps not surprisingly so. expectations are high among many semiconductor names. but there is still names that are in our opinion quite cheap. and names like intel, for example, that are still selling at or below the historical averages with multiples with upside potential. we have seen some rotation from semiconductor names into software, into cybersecurity, into cloud, those areas have underperformed semiconductors. their expectations are lower. so w

and 750 microns, which increases the life of the pipe. in an environment where there is moisture having it can protect against the penetration of bacterial contamination in the long term, even close to 50. year or 100 years , there is no need to repair at all, the technical knowledge that has been localized and can be customized for any type of product, depending on the diameter of the pipe, one inch, two inches, up to 54 inches, we can produce products. the aim of this technological unit is to meet the needs of the domestic and foreign markets. the next step is export . we produce 600 tons per month, 25% of which can meet domestic needs and we can even export to neighboring countries. vahid zakera rad of sed and cima news agency, dear and respected viewers, the end is over we have arrived at this news section. thank you very much for your support and dear ones. i wish you a blessed day ahead. he didn't do it. it's never too late, such as continuing education, creating a new job, starting exercise and diet from saturday, and at all, corre

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micron and amd higher in the pre-market. you see the moves here.sml is also moving higher as well. our own jim cramer on "mad money" raving about how investors cannot underestimate the effect the one company has on the entire stock market. >> the company mentioned nvidia ten times on the call. always about being in line with jensen. getting it right with jensen. hp is right with jensen. once hp clarified things -- first of all hyper scalers. micron, worldcom, taiwan semiconductor. cleaner utilities with spare power. data centers consume electricity. arm holdings. applied materials. aided by the upgrade from sell to hold for the first two. i have rarely, if ever, seen the kind of pin action like we're getting through here. >> sound effects and the whole s s shebang. let's get the latest from silvana henao. >>> it is not just nvidia, but lululemon rallying and issuing positive full-year guidance. shares are up 9% in pre-market after reporting flat comparable sales as growth in the americas slows. the company also says it is buying back an additional

mentioned opening of the show, micron is d-ram. it's synonymous with d-ram. if there's going to be an a.i. push and a storage push, you need more d-ram. that is the most unsexy player, that's one i bought, and let go way too early. and this one -- now you start to see analysts really start to push this name. start to push d-ram, start to push the storage aspect of it. but this is probably one that's going to garner a lot more bullishness going forward and it's already had an incredible run. >> did you catch the action in broad come today? new high on broadcom, very heavy volume, finished the day lower. and you have to wonder, if you're going to look back on this day, say, that was the turning point for broadcom, ahead of its stock split. >> guy would say -- >> he would say outside reversal. >> yes. so, we'll watch that one. >>> meantime, let's turn now to the latest signs of strain on the consumer. retail rises just a tenth of a percent in may. sales were actually down in may excluding autos. that's after a preliminary read came in

micron's ceo will be on "mad mo money" tonight.hey said they are mostly sold out for full year 2025, but some analysts are saying, like tsm, are fully sold out. >> should i look at it as commodity memory or you have to have proprietary stuff now? micron? >> you should have proprietary stuff. d-ram business is cyclical. now it's escaping that. >> the stock is doing much better. over the years, it was feast or famine. >> solely on the price. >>> meantime, bank stress test results pass. the stress scenario included u. unemployment surging to 10% and customers real estate plunging 40% and housing prices falling 36%. in the hypothetical scenario, banks could absorb $345 billion in losses. now they are looking for any plans of capital allocations. the fed said it won't happen until friday after 4:30 p.m. others say it will not happen until basl 3 is ironed out. >> those numbers sound horrible. that could never happen where we are today. we know never say never. we had a pandemic -- >> right. >> somewhere in the world, they are vaccinatin

and president micron will have to a point him is the far right wins. the majority off to, to ryan was voting for his president has been slowed up here at the assembly since he lost his majority. in 2022, cooling fresh elections is issued political gamble. but this is a politician, years to the back in 2017. when he won the presidential elections, he did that with a brand new policy, working the french political establishment, stomachs, but say, macro and operate as well. when the stakes are high, we have macro now back in the focus of this campaign. and maybe we have tons of this a bit more aggressive a bit more, as, let's say, popular, unpopular or, well no, to be honest, it's going to play for, but we need to wait and see what happens. and this is going to have an impact on the way from slips to the next couple of years. and this is gonna have a big impact on the present reactions and 2027. my chrome has been continuing his engagements, like a visit of jim and president frank volta stein my a, to a sites in front commemorating the victims of nazi ger

heating up in france after the president dissolved parliament and called for snap elections. emanuel microns party suffered a bruising to feed and the recent european parliament elections in which the right wing populace national rally won a rezoning victory. this prompted hundreds of thousands to take to the streets across france to denounce the national rally. the protesters fear their anti immigration stands and.

the criminal has condemned microns move, calling it highly provocative. must be off says the shows, as we said earlier, microns desire for direct french involvement in the board is ukraine. and i'm joined now by military analysts, marina monroe, and she's with the board studies department at kings college london. we're going to get to see you on this friday with french mirage is now promised. this has to be good news for you cranes. more effort or is, is that also someone at the mirage? good evening brand. well, it seems like good news because ukraine is getting something which means it's better than nothing, but essentially is a situation reminds me of when breton agreed to send, 40 and challenge of 2 things to which essentially is a logistical nightmare. so now that ukraine ukrainian pilots have been training to operate the f sixteens, you have to separately train pilots to operate mirage fighter jets. you have to establish separate logistical lines. you have to also train ground crews and engineers supply spare parts and so on. so it's not a simple thi

and manual microns party suffered a bruising defeat in the recent european parliament elections, and which the right wing populace national rally won a rezoning victory. this prompted hundreds of thousands to take to the streets across france to denounce the national riley. the protesters fear their anti immigration stands, and e, you, skeptic policies could bring drastic changes. left wing parties have now united to fend off the challenge from the populist right. well, ma, cron is hoping his gamble in calling snap elections will pay off, though he will remain president for another 3 years. a crohn's party currently does not have a majority in parliament. so he's betting on his coalition allies to come out ahead of the far right. bush for wagner is a small business owner who had voted from a crowd in the past. but now like many voters, she feels let down and is becoming disillusioned with french politics. boucher wagner has been selling organic food in the home phone rouge covered marketing central powers for almost 2 years. she said she'd never vote for the fall . right. but like ma

said earlier, microns desire for direct french involvement in the war is ukraine. but i'm joined now by military analysts, marina monroe, and she's with the worst studies department at kings college london. marine a good to see you on this friday with french mirage is now promised. this has to be good news for you cranes. more effort or is, is that also someone at the mirage? good evening brand. well, it seems like good news because ukraine is getting something which means it's better than nothing, but essentially is a situation reminds me of when breton agreed to send 40 and challenge and 2 things to which essentially is a logistical nightmare. so now that ukraine ukrainian pilots have been training to operate the f sixteens, you have to separately train pilots to operate mirage fighter jets. you have to establish separate logistical lines. you have to also train ground crews and engineers supply spare parts and so on. so it's not a simple thing of just getting those planes to ukraine and saying here you go, feel free to use them as you wish. you're also need to s

but now that heat has turned deadly from microns attempting to cross the border. this one of us crossing the us mexican border illegally when they hit, they came suffocating. paramedics working on both sides have saved to life. but some aren't as lucky or not, but selecting them. the person who attempted to cross united states was abandoned by the people who brought them here a and e. and today we're tree. if the body, one of the migrants have been dying and extremely high temperatures for more than a week now on the part of the border that's in the past. so in texas, we'll sort of just dare say around one micron dies every day, but it doesn't stop people from choosing this dangerous route. it's a lot, a lot of heat, a lot of suffocating heat. there's the sand, you go through a lot of things in the desert. it's cold at night. there's rain to. it's a lot. the truth is that it's too hot. we're already little dehydrated here, but it's too much is too much heat because doesn't go below 43. 4445 degrees is just too hot. a load of migrants travel through this desert on