The chapter covers Micron's underwhelming revenue forecast, falling short of investor expectations despite predicting over a 90% increase. It also delves into the implications of a police raid at a liquidation warehouse suspected of dealing with stolen goods, highlighting ongoing efforts to combat cargo theft and its significant impact on the supply chain.
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Bloomberg News US Semiconductor Reporter Ian King discusses Micron Technology, the largest US maker of computer memory chips, dropping on Thursday after its forecast disappointed investors seeking a bigger payoff from artificial intelligence mania. Bloomberg News Technology and E-Commerce Reporter Spencer Soper talks about California Police seizing suspected stolen goods bound for Amazon. Kelli Valade, President and CEO at Denny’s, explains the restaurant chain’s commitment to Diversity, Equity and Inclusion. And we Drive to the Close with Amanda Agati, Chief Investment Officer at PNC Asset Management Group.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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