Micron Soars After AI-Fueled Forecast Shatters Projections

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Jake Silverman, Bloomberg Intelligence Semiconductor Analyst, recaps Micron earnings. Micron Technology Inc. shares surged after the company issued a quarterly sales forecast that exceeded Wall Street estimates, signaling that an AI-fueled growth run remains strong. Micron has secured 16 strategic customer agreements, which suggests the company can mitigate the boom-and-bust cycles that have plagued the memory chip industry.

-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses earnings from Darden Restaurants. Darden Restaurants Inc. posted a cautious overall profit outlook as same-store sales at Olive Garden trailed expectations. The company sees fiscal 2027 earnings per share from continuing operations between $11.10 and $11.35, below analysts’ forecast.

-Matt Miller, Open Interest Co-Host on Bloomberg Television and Co-Host of the Hot Pursuits Podcast, discusses his interview with Ford CEO Jim Farley. Ford hired veteran engineers to help train younger staff and reprogram artificial intelligence tools to address quality problems. The result of this effort is that Ford is the top mainstream brand in the latest JD Power Initial Quality Survey, with three of its models ranking highest in their respective categories.

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