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Micron Forecast Tops Estimates on Booming AI Memory Demand

Micron Technology Inc., the largest US maker of memory chips, gave a sales forecast for the current quarter that shattered estimates after the AI building frenzy fueled unprecedented demand. Revenue will be about $61.5 billion in the fiscal first quarter, which runs through November, the company said in a statement Wednesday. Analysts estimated $56.8 billion on average. Excluding some items, profit will be about $38.15 a share, compared with a projection of $36.02. We get reaction from Jake Silverman, Bloomberg Intelligence Semiconductor Analyst.

Read more: Micron Forecast Tops Estimates on Booming AI Memory Demand
Bloomberg
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Robinhood CEO Says New AI-Driven Agent Apps Are Safe

Robinhood Markets Chairman and CEO Vlad Tenev discusses the firm's new AI-driven agent apps unveiled during a Houston summit. Speaking on "Bloomberg The Close," Tenev outlines a vision of giving individual traders hedge fund-like tools, including 24/7 trading across asset classes, autonomous "agent loops" that can operate while users sleep, and access to specialized data sources such as satellite imagery and blockchain analytics.

Read more: Robinhood CEO Says New AI-Driven Agent Apps Are Safe
Bloomberg
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US Formally Concludes Operation Inherent Resolve in Iraq

The US has formally concluded Operation Inherent Resolve in Iraq with the departure of coalition forces and equipment, according to a Pentagon statement. Lt. General Karen Gibson (Retired), Former-Deputy Director of National Intelligence joined to discuss this as well as the latest in the Middle East.

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Bloomberg
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"We Are In an Era of Warped Entrepreneurship," Says Makunda

A New York Times investigation found that DraftKings Inc. built a machine-learning model that scored customers by how much they would lose for each free bet or bonus they received. The model raised concerns that the company was targeting problem gamblers, with a data analyst saying "the best investment would be a problem gambler" due to financial logic. Bloomberg News Opinion Contributor and Lecturer at Yale School of Management, Gautam Mukunda argues regulations against predatory capitalism could protect good companies and steer entrepreneurs' talents in socially beneficial directions.

Read more: "We Are In an Era of Warped Entrepreneurship," Says Makunda
Bloomberg
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Need Energy, Water Solutions With Data Centers: Jan Vesely

Jan Vesely, partner, head of AI infrastructure and transition infrastructure at EQT, Tenzin Seldon, founder & managing partner at Pulse Fund, and Vinay Shandal, global head of sustainable investing at BCG, join Dani Burger on "Bloomberg Deals." They discuss the climate investing and how data center companies must present solutions for higher energy and water costs.

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Bloomberg
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Some Oura IPO Investors Were Said to Push Back Citing Valuation

Bloomberg's Anthony Hughes joins Dani Burger on "Bloomberg Deals." Some investors approached about potentially buying shares in Oura's now-delayed IPO decided not to go forward because of concerns including the health and fitness ring-maker company's target valuation, according to people familiar with the matter.

Read more: Some Oura IPO Investors Were Said to Push Back Citing Valuation
Bloomberg
Financial

Saronic CEO: 'Speed Is Everything' in Shipbuilding

Saronic is breaking ground on what it says will be the largest and most advanced shipyard in America. Saronic co-founder and CEO Dino Mavrookas joins Ed Ludlow to discuss how its Port Alpha in Brownsville, Texas, is at the center of the defense tech company's push to rapidly scale production of autonomous ships. He speaks on "Bloomberg Tech."

Read more: Saronic CEO: 'Speed Is Everything' in Shipbuilding