The Wrong Side of The Learning Curve

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The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 9 August 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chips, and the companies that make and use them, dominate the business news. (0:25) Bill Mann discusses: - Micron Technology cutting guidance while also announcing a $40 billion investment in the U.S. - How Micron's current picture is similar to Nvidia's - Take-Two Interactive continuing its rough year by lowering guidance - Allbirds shares falling 23% as the young company learns some harsh lessons about business and growth (13:57) Alison Southwick and Robert Brokamp look to "The Great Resignation" to find examples of what job-seekers should consider if they think we're heading for a recession. Stocks mentioned: MU, NVDA, TTWO, BIRD, MCD, WMT Host: Chris Hill Guest: Bill Mann, Alison Southwick, Robert Brokamp Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Lower demand for chips means that those companies in the chips business are taking a hit.
0:10.3	Details next.
0:11.3	Motley Fool Money starts now.
0:15.1	I'm Chris Hill, joining me today, Motley Fool Senior Analyst Bill Mann.
0:24.3	Good to see you.
0:25.3	Hey, Chris, how you doing?
0:27.7	I'm doing better than the stocks we're about to talk about.
0:32.4	Just a sign post for the dozens of listeners that it's one of those days.
0:37.8	You're bringing me in as the color guy to try and keep things moving on a little bit of
0:43.6	a hard day for some of these companies.
0:45.6	A little bit of a hard day.
0:46.9	I don't want to paint it as being dire out there.
0:50.0	Let's start with Micron Technology, which is making some news today.
0:55.3	The chip maker says it plans to invest $40 billion over the next eight years to manufacture
1:00.9	chips here in the US, which is great, but shares of Micron are down about 5% because the
1:07.1	company also lowered guidance, said it expects negative free cash flow in the current quarter.
1:14.5	Similar to the story that we're getting from Nvidia in terms of lower demand, particularly
1:20.6	when it comes to gaming.
1:22.1	Yeah, they've been pointing out gaming, I think in the case of Nvidia and probably Micron
1:29.1	as well.
1:30.1	I think crypto mining has a much bigger part playing in the weakness that they're seeing.
1:37.7	What's interesting about the announcement coming from Micron is that they have announced
	...

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