The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Qualcomm shares jumped after the chipmaker forecast annual sales of more than $15 billion from artificial intelligence components in data centers by fiscal 2029. This year Qualcomm’s gains have lagged a general rally by chip stocks as investors concentrated on names more closely associated with spending on AI components.

Qualcomm’s new priority is to win business from the biggest investors in data center gear, joining the competition to cut into Nvidia lead in what has become the most lucrative opportunity in the history of the semiconductor industry.

On this episode, Carrol Massar and Tim Stenovec speak with:

• Ed Ludlow, Bloomberg Tech Host
• Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
• Mark Pincus, Founder of Zynga and author of the new book 'Life at the Speed of Play: Launch Products People Love!'

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Latham Group (SWIM), the largest designer, manufacturer, and marketer of in-ground, residential swimming pools in North America, Australia, and New Zealand, and produces custom pool liners and automatic safety covers. Nearer and longer-term driver remains the structural shift toward fiberglass pools, which continues to take share from concrete. Fiberglass represents approximately 76% of Latham’s pool sales, yet remains underpenetrated in key growth markets

For more, Carol Massar Tim Stenovec speak with Sean Gadd, CEO at Latham Group.

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Micron Technology Inc., the largest US maker of computer memory chips, delivered a sales forecast that topped Wall Street estimates after AI-fueled shortages of the components sent prices soaring.
Revenue will be approximately $50 billion in the fiscal fourth quarter, which runs through August, the company said in a statement Wednesday. Analysts estimated $43.2 billion on average. Excluding some items, profit will be about $31 a share, compared with a projection of $25.31.

The shares climbed about 5% in late trading after the report was released. They had already more than tripled this year, outpacing all other major chip stocks.

Micron and its peers in the memory space — Samsung Electronics Co. and SK Hynix Inc. — have become major beneficiaries of the artificial intelligence boom. A spending spree by data center operators has stoked the appetite for both conventional memory and a newer variety called high-bandwidth memory, or HBM, that works with AI systems.

On this episode, Carol Massar Tim Stenovec speak with:

• Ed Ludlow, Bloomberg Tech Host AND Jake Silverman, Bloomberg Intelligence Semiconductor Analyst
• Katie Hubbard, President, U.S. Capital Markets for Walton Global on state of the US housing market
• Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council
• Len Tannenbaum, Founder, Tannenbaum Capital Group AND James Crombie, Bloomberg News Senior Editor, Credit on private credit latest

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