Bloomberg News and Videos — Page 352

Micron has experienced a significant market surge, surpassing a $1 trillion valuation driven by robust demand in the artificial intelligence sector. Despite this, the company remains undervalued, trading at under 10 times forward earnings. Bloomberg Intelligence's Jake Silverman has more on "Bloomberg Open Interest."

An unofficial draft of a peace deal says the Strait of Hormuz would return to normal within a month, according to Iranian state television. It also says the the US naval blockade would end. Oil prices fell on the news. It's unclear what the US has agreed to. Bloomberg's Tyler Kendall reports.

Strategists at Goldman Sachs increased their year-end target for the US benchmark to 8,000 points, ditching a previous forecast of 7,600. They see earnings growth powered by the AI boom driving further gains in stocks. Michael Msika reports on Bloomberg Television.

Katrina Paglia, chief legal officer at Pantera Capital Management, joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." A key Senate panel recently moved forward the so-called Clarity Act even as bank associations said the bill "falls short."

Jim Caron, Morgan Stanley Investment Management portfolio solutions CIO, says this is a stock pickers market, but it's still very important to have a diversified portfolio. He speaks on "Bloomberg Surveillance."

Edward Yardeni, president at Yardeni Research, says the basic thrust of the market is higher as he touts "FEMO" or the "fabulous earnings momentum" he sees driving a melt up in stocks.

European Central Bank Vice President Luis de Guindos discusses the impact of the energy supply shock on inflation and euro-area growth. "If you look at soft indicators, sentiment indicators, these indicators clearly point at an important impact on growth," Guindos says during an interview with Bloomberg's Mark Schroers.

Former US Centcom Commander General Joseph Votel (Ret.), discusses the challenges faced by the US military in the Strait of Hormuz and in finding a peaceful solution to the war in Iran.

Mark Haefele, CIO of global wealth management at UBS, discusses the impact of AI on global equities as he raises his year-end target on the S&P 500 to 7,900.

Taiwan prosecutors suspect three individuals successfully smuggled at least one shipment of Nvidia AI chips to China after first exporting them to Japan, people familiar with the matter said. The trio was detained for allegedly falsifying documents related to exports of Super Micro Computer servers containing advanced Nvidia chips, which the US has barred from sale to China without a license. Bloomberg Intelligence's Matthew Bloxham breaks down the situation.