Micron Warns of Heavy Spending Amid Memory Crunch
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 19 March 2026
⏱️ 41 minutes
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Summary
Bloomberg’s Caroline Hyde discusses Micron earnings as the memory maker plans heavy spending on production to meet demand. Plus, Alibaba says it's aiming to generate $100 billion in cloud and AI revenue within the next five years, even as earnings come under pressure. And, Uber is set to invest up to $1.25 billion in Rivian's robotaxi fleet in the ride-hail company’s latest deal.
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| 0:59.1 | Bloomberg Tech is live from coast to coast, |
| 1:02.8 | with Caroline Hyde in New York and Ed Lovello in San Francisco. |
| 1:09.1 | This is Bloomberg Tech coming up. Micron warns of heavy spending on production to meet demand for its memory chips will break down the company's results. |
| 1:16.6 | Blas Alibaba says it's aiming to generate $100 billion in cloud and AI revenue within the next five years. |
| 1:22.6 | Even his earnings come under pressure. |
| 1:24.6 | And Uber and Rivian, they team up with Uber set to invest up to |
| 1:28.0 | $1.25 billion in Rivian's Robotaxi fleet. We have the details on the deal. But first |
| 1:34.0 | we have the details on the macro picture. Once again, stocks are under pressure today. This is because |
| 1:38.0 | oil pushes high. The conflict intensifying in the Middle East and energy infrastructure under |
| 1:43.0 | fire. We're currently seeing up 3% on Brent, but boy had it spiraled higher earlier. |
| 1:47.9 | Huge moves in the bond market start to dial down. |
| 1:50.2 | We've seen 18 basis points on the two-year extraordinary moves in the UK on its guilt. |
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