Bloomberg Tech Micron HBM Sales Surge, Palantir’s Stock Keeps Climbing
Jun 26, 2025
In this discussion, Jay Jacobs, the U.S. Head of Equity ETFs at BlackRock, shares his insights on Micron's explosive growth in high-bandwidth memory sales, driven by AI and consumer demand. They delve into investment strategies beyond tech giants, exploring how AI could reshape productivity. Additionally, the conversation touches on defense tech opportunities amidst geopolitical tensions and highlights the surge of Chinese AI startups entering the market, showcasing a rapidly evolving tech landscape.
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AI Infrastructure Dominates Now
- AI infrastructure, especially chipmakers like NVIDIA and Broadcom, currently dominate AI investment due to concentrated spending.
- Broad diversification beyond mega-cap tech is necessary as AI adoption expands beyond infrastructure build-out.
Xiaomi’s EV Demand Surge
- Xiaomi received over 200,000 pre-orders for its first electric SUV, priced competitively against Tesla Model Y.
- Founder Lei Jun modeled his approach after Steve Jobs, leveraging Xiaomi’s innovation strength to build EV demand.
China Eases Tech M&A Controls
- China shifted from restricting tech M&A to cautiously allowing consolidation to support growth amid economic challenges.
- The government balances controlling tech giants with enabling new AI breakthroughs and private sector support.