Hendi Susanto, a research analyst and portfolio manager at Gabelli, reacts to Micron Technology giving a sales forecast for the current quarter that shattered estimates after the AI building frenzy fueled unprecedented demand. He speaks on "Bloomberg The Close." (Source: Bloomberg)
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. (Source: Bloomberg)
Former New York Governor Andrew Cuomo purchased a roughly seven-acre estate on the south shore of Long Island for $9.6 million, according to a spokesperson and property records.
Kalshi Inc. is finalizing a new financing round that would value the prediction market platform at around $40 billion, according to people familiar with the matter. The deal is expected to be the startup’s last round before an initial public offering, which is anticipated as soon as next year, the people said.
A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: Pershing Square CEO & Founder Bill Ackman, Pulse Fund Founder & Managing Partner Tenzin Seldon, EQT Partner, Head of AI Infrastructure Jan Vesely, BCG Global Head of Sustainable Investing Vinay Shandal, and JPMorgan Private Bank Global Head of Alternative Investments Kristin Kallergis Rowland. (Source: Bloomberg)
Micron Technology Inc. gave an upbeat forecast for the current quarter, fueled by the AI building frenzy, though the chipmaker warned that rising compensation would weigh on profit margins.
Amazon.com Inc. has agreed to purchase 690 megawatts of power from Constellation Energy Corp. in a deal that will help the biggest US nuclear operator boost capacity at the only reactors in Maryland.
Alphabet Inc.’s Google has begun rolling out Gemini 4 Argon, its long-awaited flagship artificial intelligence model, but the company is grappling with internal skepticism over how well it performs in key areas, such as coding.
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. (Source: Bloomberg)
Kristin Kallergis Rowland, global head of alternative investments at JPMorgan Private Bank, joins Dani Burger on "Bloomberg Deals." Kristin Kallergis Rowland explains how an investor ends up being on both the bull and bear side of AI. (Source: Bloomberg)
As AI is moving beyond software and deeper into the physical world, Flow Engineering just raised $50 million at a $750 million valuation to help companies use AI agents to design and build hardware. Flow Engineering founder and CEO Pari Singh and Roelof Botha, Flow investor and board member - formerly at Sequoia Capital - join Ed Ludlow to discuss how faster hardware development could support a broader revival of US manufacturing. They speak on "Bloomberg Tech." (Source: Bloomberg)
Bloomberg’s Ed Ludlow breaks down OpenAI's plan to raise at least $30 billion from investors in a new round of funding after pushing back its plans for an IPO. Plus, President Trump supports using outside auditors to assess the safety of AI systems after meeting with Silicon Valley leaders; and Apple keeps pushing the envelope under new CEO John Ternus with plans to make its foray into the smart-home market. (Source: Bloomberg)
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." (Source: Bloomberg)
MercadoLibre Inc.’s push to expand its sale of prescription drugs in Brazil is facing a setback after the nation’s health regulator said it’s reviewing the e-commerce company’s plan to create an online marketplace for pharmacies.
OpenAI accused its Chinese rival Moonshot AI of being responsible for a wide-scale effort to extract data from its GPT artificial intelligence systems that could be used to reproduce the reasoning and capabilities of the company’s most advanced models.
SpaceXAI, the artificial intelligence unit of Elon Musk’s SpaceX, is considering an overhaul of its subscription pricing options for users of its Grok chatbot and X social network.
Shares of Accelevation Holdings Corp., a data center infrastructure company, declined 0.3% after the company and its private equity backer raised $540 million in an initial public offering priced below its marketed range.
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Yields fall and stocks jump on an inflation surprise, with Micron facing a key earnings test. President Trump strikes an AI accord as OpenAI chases a $1.4 trillion valuation. Plus, Apple makes its long-awaited smart-home push. And Citadel CEO Ken Griffin on his $3 billion gift to Carnegie Mellon, while KKR’s Christopher Sheldon breaks down the $8 trillion AI funding gap. (Source: Bloomberg)
Pershing Square CEO and founder Bill Ackman says markets are narrowly focused on big initial public offerings. Ackman says Anthropic is one of the greatest business stories he's ever seen, but would not say if it's a company he would invest in. The Claude developer is expected to go public this year. Ackman speaks on "Bloomberg Deals." (Source: Bloomberg)
