Squawk on the Street The AI Boom: Nvidia's Record Run, Micron CEO Exclusive 6/26/25
Jun 26, 2025
Sanjay Mehrotra, the CEO of Micron Technology, shares insights into the booming AI sector that has propelled his company to a record revenue of $9.3 billion. He discusses how AI demand has spurred their growth and shaped future innovations in memory technology. The conversation also touches on Micron's significant investments in U.S. semiconductor manufacturing for national security. Amidst talks of competition between tech giants and the evolving market landscape, Mehrotra highlights the transformative role of AI in the industry.
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NVIDIA's Global AI Surge
- NVIDIA overcame loss of Chinese market by expanding global AI demand.
- Demand for AI infrastructure and robotics is driving a powerful new growth wave.
AI Robotics as Next Big Industry
- Robotics and AI infrastructure will become the next multi-trillion-dollar industry.
- Rewiring factories and supply chains with AI intelligence could transform $50 trillion industrial sectors.
Robot Bartender Demo
- Jim Cramer demonstrated a robot bartender with eight arms performing tasks.
- He humorously noted its efficiency compared to human bartenders, but human interaction remains unique.