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Stretched Tech Valuations Raise Questions on Capex, BofA Says

Sebastian Raedler, head of European equity strategy at Bank of America, discusses his concern that the tech rally is overdone after US chipmaker Micron gained on a blockbuster sales forecast. "Who is going to pay for this capital expenditure that is basically fueling the Micron demand," Raedler asks during an interview on Bloomberg Television.

Read more: Stretched Tech Valuations Raise Questions on Capex, BofA Says
Bloomberg

AI Demand Roils Aumovio's Talks to Buy Chips, CFO Says

Aumovio's negotiations to secure memory chips for next year are proving difficult as artificial intelligence companies consume supplies of the key components. That's according to Jutta Doenges, chief financial officer of the German auto supplier, who spoke with Bloomberg Television anchor Anna Edwards at the Bloomberg New Voices event in Frankfurt on June 24.

Read more: AI Demand Roils Aumovio's Talks to Buy Chips, CFO Says
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Micron Shares Jump as Forecast Beats Estimates

Micron Technology Inc. surged in late trading after its quarterly sales forecast crushed Wall Street estimates, signaling that an AI-fueled growth run remains strong. The largest US maker of computer memory chips, said revenue will be approximately $50 billion in the fiscal fourth quarter, which runs through August. Bloomberg's Ruhell Amin breaks down the numbers.

Read more: Micron Shares Jump as Forecast Beats Estimates
Bloomberg

Canadian Defence Minister on Indo-Pacific Strategy

David McGuinty, Canadian Defence Minister, discusses his trip to Tokyo, where he met with his counterpart, Japanese Defence Minister Shinjirō Koizumi, to discuss cooperation and investment into the defense industry. He says the nation is planning to send more warships to the region, to increase presence in Japan, Korea and the Philippines. He speaks exclusively with Shery Ahn on "Bloomberg: The Asia Trade"

Read more: Canadian Defence Minister on Indo-Pacific Strategy