Second Half Playbook for Tech, Earnings Exclusive with Micron CEO & Astra CEO on Public Debut Today

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.5 • 66 Ratings

🗓️ 1 July 2021

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

CNBC’s Josh Lipton joins our anchors this morning from the Nasdaq in Times Square to wrap up tech’s first half of the year. Then, 8VC Founding Partner and Palantir Co-Founder Joe Lonsdale is here to give us his second half playbook. Later, Micron CEO Sanjay Mehrotra joins our anchors in an exclusive interview after the chip company reported an earnings and revenue beat. Also, “Goliath” Author Matt Stoller is here to discuss Amazon’s call for FTC Chair Lina Khan to recuse herself from Amazon-related antitrust cases. Then, CNBC’s Julia Boorstin covers the performance of CNBC’s Disruptor 50 Index and previews upcoming IPOs to watch for. We also have Astra CEO Chris Kemp to speak about the company’s public debut via SPAC today. Plus, we preview tomorrow’s show focusing on Amazon and Bezos’ legacy as he steps down as CEO.

Transcript

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0:00.0	I'm Julia Borsden, and you're listening to CNBC's Tech Tech. Our show is live weekdays at 11am Eastern, listen in.
0:08.0	Good Thursday morning. Welcome to Tech Check. I'm Carl Kintanilla with John Ford and Dear Drbosa.
0:12.2	Today, the second half playbook for tech, stocks and opportunities to watch for the last two quarters of the year.
0:19.3	Then an earnings exclusive, the CEO of Micron
0:21.9	is gonna sit down with us in just a moment.
0:24.1	And later, Amazon takes on the FTC,
0:26.6	the latest on that fight as Big Tech pushes back, Dee.
0:31.0	And Carl, we are also keeping an eye on those debuts
0:33.5	that we brought to yesterday,
0:34.8	DD, CLEAR, Sentinel 1, all showing two-day gains. While Legal Zoom, it's actually going the other way for now this morning. Yeah, and a string of record highs to close out the first half of the year with the NASDAQ still nipping at the heels of the S&P, which is on pace for its second best six months since the dot-com era. Our own Josh Lipton is live from the NASDAQ in Times Square with the wrap on tech's first half.
0:56.5	Josh.
0:57.2	So, John, let's start with Feng digging into those names there.
1:00.5	Some interesting moves.
1:01.9	Facebook and Alphabet, for example.
1:03.7	Now they are charging higher so far in 2021.
1:07.3	Different story, though, for Apple.
1:09.0	That was actually its worst first half since 2016, though.
1:13.2	A nice month for the Bulls there popping 10% in June. Netflix, by the way, the worst of the pack so
1:19.4	far this year. As for the semis, the SMH, up about 20% in the first half. Bernstein-Stacey
1:25.6	Razgon saying from a demand point of view,
1:28.0	it still looks strong, meaning those end markets from PC to auto look solid.
1:32.3	Next year, though, tough for the call, he says, concerns about the sustainability of demand
	...

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