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Bloomberg

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.

Leia mais: 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.

Leia mais: AI Demand Roils Aumovio's Talks to Buy Chips, CFO Says
Bloomberg

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.

Leia mais: Micron Shares Jump as Forecast Beats Estimates