Micron, the largest US maker of computer memory chips, surged in premarket trading after its quarterly sales forecast crushed Wall Street estimates, signaling that an AI-fueled growth run remains strong. Micron posted the results at a delicate moment for the AI industry. Shares of chipmakers and other technology companies had been hammered in recent days on fears that a spending boom was faltering.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade
00:00:39 – Market Check
00:03:25 – Micron Outlook Boosts AI Optimism
00:05:31 – Oil Erases Gains
00:07:22 – Andy Burnham Under Pressure
00:08:09 – H&M 2Q Earnings
00:14:07 – PCE, US Rate Cut Path
00:22:15 – Venezuela Earthquake
00:23:02 – Anthropic Accuses Alibaba of AI Model Abuse
00:25:01 – Market Check
00:26:06 – Kevin Warsh Keeps Policy Views Hidden
00:47:46 – Stocks to Watch: Tech, Easyjet, H&M
01:03:26 – H&M Stock
01:15:17 – Google to Lose Two High Profile AI Staffers
01:25:56 – Getty Images Stock
01:28:33 – Seeker Music CEO on AI in Music
01:33:43 – Tech Optimism, Stock Rally
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