Here's your summary from Tech Giants Fall in Late Hours on Micron's Outlook | Bloomberg: The Close 6/26/2024 (https://www.youtube.com/watch?v=RURXe6ja1AI) on the Bloomberg Television channel:
### TLDR:
Investors are closely watching Micron's earnings report, which showed growth but fell slightly below expectations, leading to a decline in the stock price.
### Key Points:
1. Micron's revenue is expected to continue growing due to AI-driven demand, causing tightness in nodes and potential price increases.
2. The company is facing supply constraints in HBM, but expects to ramp up production capacity in the next few quarters.
3. AI technology is being utilized in the financial sector for efficiency in research, execution of trades, and predictive models.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro