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David Gura
Okay, before we get into it, little side note for the IT leaders listening in. I was reading up on a Microsoft Commission survey the other day and learned that teams using Windows 11 Pro PCs report 62% fewer security incidents compared to Windows 10 PCs, including three times fewer firmware attacks. Pretty significant. With security built in, you'll have AI ready it. That sets you up for operational efficiency as well as long term resilience. Upgrade to Windows 11 Pro@Windows means business.com
Tim Craighead
the thing about AI for business, it
Catherine Chiglinsky
may not automatically fit the way your business works. At IBM we've seen this firsthand. But by embedding AI across hr, IT
Tim Craighead
and procurement processes, we've reduced costs by millions, slashed repetitive tasks, and freed thousands
Anurag Rana
of hours for strategic work.
Tim Craighead
Now we're helping companies get smarter by
David Gura
putting AI where it actually pays off, deep in the work that moves the business.
Catherine Chiglinsky
Let's create smarter business.
David Gura
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David Gura
Tim Craighead, global Chief Content Officer for Bloomberg Intelligence. He's been one of the leaders from day one for Bloomberg Intelligence, this little experiment in investment research that we've done here at Bloomberg. He's run businesses for us in Hong Kong, London, New York. So he's been all over based in London right now, but he's here in New York so we figured we'd get him in studio to talk about some of the research coming out of Bloomberg Intelligence Tim, I know you guys publish time to time. Hey, here are 10 companies we really think you should pay attention to. We think we've got some insights into some of these companies. Maybe we've identified some catalysts that investors can keep an eye out for that might move these stocks one way or the other. What are you guys looking at these days?
Tim Craighead
So I'll put it into just a little bit of context if that's okay. So we have a broad set of what we call focus ideas. And these are high conviction, bottom up, fundamentally oriented calls on companies where we see something that the market doesn't seem to get and that there are catalysts ahead that can change the market mentality. There's about 120, 530 of these things globally across all sectors right now. And at the beginning of every quarter we'll zero in on 10 where we think that there are catalysts ahead. Right now in the upcoming quarter, a lot of that will revolve around. It could be a new product announcement, it could be earnings results that really hit home on a given out element. Yeah, that's, that's the context.
David Gura
Yep. I'm gonna ask Matt, Matt Miller's wiring in and saying, hey, ask about Ferrari because that's one of the names on the list. And Michael Dean, our auto analyst, he covers all those cool European automakers. What's he think about Ferrari here?
Tim Craighead
Yeah, you know, it's interesting because Ferrari's got a couple of things going on right up front. They're important new cars coming, new models. The F80 is their, their next big supercar. You've got the Luce Luce, which is their full electric that's coming out and there's. Those are two of 20 odd models that are coming through over the course of the next three years. But importantly, these are now starting to ramp. And we think that when you get in and see the next earnings reporting period, you will see the impact. It is interesting because it's a broader issue with the European autos where there was such high hopes about EV transit transition and China being a big market. And both of those turned pear shape. And so last year was a, was a big issue. Look at any of these guys, Ferrari, BMW, etc. And we think Ferrari is looking to accelerate.
David Gura
No punishment here in the US and folks, you can tell from Tim's accent, he's, he's from down south, but we've, he's been all over the world here in the U.S. tim, you've probably heard ev things kind of stalled out. I'm being generous There. How about in rest of world?
Tim Craighead
Yeah, it's interesting. We just published our semiannual buyer survey that we do. One in us, one in Europe, one in one in Asia and in Europe. It really does depend on the home market. Scandinavia still cares about EVs, no surprise. Germany, give me, give me a petrol gasoline based engine. Generally speaking, there's more appetite for hybrids across Europe than what was full on plug in electric vehicles. And clearly over here, yeah, it's all about gasoline. And you know, if you're going to do electric, you're going to do a hybrid. You're not going to do a, you're not going to do a battery electric.
David Gura
Yeah. For my final offspring, he goes to school in California where gas is like $6 a gallon. So we got him the hybrid and it's been perfect.
Tim Craighead
Well, I've got a battery electric. I love it.
David Gura
But hey, you do.
Tim Craighead
I live in London.
David Gura
In London, yeah. So talk to us. Just broadly and kind of related topic, just ESG in general, environmental, sustainability, governance, all that kind of stuff hit a brick wall here in the us But I understand that's not the case in Europe and some other parts.
Tim Craighead
Yes and no. So there's a series of client events that I get involved with on an ongoing basis that go around Europe along with my team. And speaking of Scandinavia, that's the heart and soul of ESG who adopted it most aggressively. They don't call it ESG anymore.
David Gura
Okay.
Tim Craighead
They call it Sustainable, Sustainable Finance or Sustainability. It's generally under that moniker and you could say, oh, you know, just changing names. But it's about managing companies well. And part of this is management governance. Part of it, it's social issues, part of it is environmental. And I think it seems to be making a move towards actually don't call it ESG and tick a box, which was kind of the thing before. Think about how this is a way that you can actually manage a company better and that actually is good for shareholder returns. And we've done some pretty interesting work. There's a report actually the team here, our BI team here had put out about ESG 2.0 and that is all about actually driving better companies.
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David Gura
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David Gura
One of the big winners in the tech space consistently has been Micron technologies stocks up 3% today. It's up 32% year to date, up 485% on the trailing 12 months. But it is down about 20% from its high. But we're going to get the latest reporting on this big, big tech stock. $425 billion in market gap. We can do that today with Yukon Lee, Bloomberg Asia stocks reporter. Yukon, thanks for joining us here. You're based in Seoul but you're here in New York today.
Yukon Lee
That's right.
David Gura
To have you in our studio, talk to us about Micron Technologies. It might not be a name that a lot of US Investors know, but it's a huge tech stock and it's having a big run here. What's the story here?
Yukon Lee
Yeah, sure. So Micron is the biggest maker of this memory devices called dram, dynamic and random access memory which is crucial and facing a bottleneck in this because it is a crucial device for the artificial intelligence Transform is the largest one to supply DRAM in the United States. But in the world it is third largest after after two Korean bigger rivals. And one of that Korean rival is going to is reviewing possible listing of the ADRs in the United States. So yeah, so that's going to, that's going to if that happens, that's going to end the micro status as the only US listed supplier of this dynamic random access memory crucial memory chip dev eyes for the artificial intelligence transformation.
Show Promos Announcer
And for those investors looking to be opportunistic, SK Hynix trades at a lower valuation than Micron as well. So talk through what investors are saying about that.
Yukon Lee
Yeah, absolutely. Even though Micron is smaller than the Korean rivals, it's been trading at a slight premium than those Korean rivals because it's the only one listed out of the three biggest memory maker in the world listed in the United States. So it's been enjoying that such slight premium over the Korean memory makers. However, if one of the rival SK Hynix list ADR in the United States that premium may come to end because SK Hynix could be it could enjoy better access easier access to US Based retail investors and it could also possibly gain access to the ETF that tracks the US Listed chip stocks. There is a huge flow there. Hedge funds can enjoy new long short opportunity to play if Descript Hynix joins the chip index possibly that are traded in the United States. So all these could possibly End the premium that Micron has been enjoying over its bigger South Korean rivals.
Show Promos Announcer
Okay, so the bigger South Korean rivals are SK Hynix. There's also Samsung Electronics. Is that company's shares traded in the US at all either as an ADR or as an otc.
Yukon Lee
So Samsung Electronics is not traded in the United States. So most US Based funds, they probably gain access to the Samsung Electronics through the South Korea South Korea etf which has a big exposure to chip stocks such as Samsung. Samsung is the largest member in the South Korea's benchmark Cost B. So that's how they gain the indirect access to the companies like Samsung which is actually reporting its preliminary earnings tomorrow.
David Gura
Why are all the great chip memory stocks in Korea? What's the history there?
Yukon Lee
Oh yeah, that's actually interesting question. So there has been a long history of South Korea for having the memory chip makers since the 1980s and 90s. It first began as mimicking, mimicking the technology that Japan chip makers had and then using the cheap labors and also massive capital investment that they could have. It's been becoming the world's largest. It's become the world's largest supplier of the memory chips.
David Gura
And SK Hynix thinking about an ADR in the US that's the story. When will we know if they're going to do that?
Yukon Lee
So they said in the SEC confidential filing that they will do that within this year. So they there's even local media reports of hiring the bankers for that.
David Gura
Stay with us. More from Bloomberg Intelligence coming up after this. Support for the show comes from Public. Lately it feels like there are two types of investing platforms. Some are traditional brokerages that haven't changed much in decades. And others feel less like investing and more like a game. Public is positioned differently. It's an investing platform for people who are serious about building their wealth on public. You can build a portfolio of stocks, options, bonds, crypto without all the bugs or the confetti. Retirement accounts. Yep. High yield cash. Yes again. They even have direct indexing. Public has modern design, powerful tools and customer support that actually helps go to public.com market and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com market and paid for by Public Holdings Brokerage Services by Public Investing Member FINRA SIPC Advisory Services by Public Advisors SEC Registered Advisor Crypto Services by ZeroHash all investing involves risk of loss. See complete disclosures@public.com disclosures small businesses are
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David Gura
Let's get back to technology. I'm looking at the NASDAQ here, up about a quarter of 1% here today. A lot to talk about here. I'm going to go to Anuragrana, senior tech analyst at Bloomberg Intelligence on ra. Let's start with Apple here. What are expectations, if any, for Apple? I Siri, I mean, it's been a wait and see kind of approach which historically has worked for Apple But I guess the concern is building that maybe they're waiting too long here to really try to create an AI portfolio or tailwind.
Anurag Rana
So Paul, I'll go back in November of last year when Mark Gurman reported that Apple may be using Google's Gemini technology for its Siri. And you know, one of our calls at that point was that if this happens when you look at Apple's low capex model, people are going to appreciate it in 2026 as everybody else is going to spend hundreds of billions of dollars. You can go back and see the valuation of Apple in the last months or so. I mean, it's really divergent when it, when you compare it to Apple versus Microsoft or Apple versus any of the other, you know, large tech company. And, and that's because they're only spending what, 12 to 15 billion dollars in capex, which is not that much more than what they did 40 years ago. But look at Microsoft, it's going to go up to 160 billion in capex. So from a capex point of view, the Apple stories working. What we are most excited about is going into June when their next developer conference comes in. And Mark and done a great telling all of us that the upgraded version of Citi comes out with the help of Google's Gemini models. And if they are able to pull that off, that's another change in the narrative of Apple being an AI laggard to somebody who's actually, you know, found a way to capitalize on it.
Show Promos Announcer
But does Apple just need to do what kind of catch up with everyone else or does it need to really wow consumers and iPhone users with what Siri is capable of? Because it's fallen, it feels like it's fallen pretty far behind in this AI race.
Anurag Rana
Yeah, that's a fair point. But at the same time they're not in the selling of the model business. They want to make sure that the most important distribution that they have, which is iOS, is as good as Android so that they don't lose market share to Samsung. And right now all they have to do is honestly catch up and just give similar features to what is available on Android. In this particular case, I think that the one news that really got our attention was if you have the next version of Siri, you can go and call on any of the AI models out there. So you can go and call on, you know, whether it's ChatGPT or Gemini or, or anybody else that you have downloaded, which means you will get the best of everything. But your point of interaction is still Apple's iOS system. You're not leaving that and going somewhere else.
David Gura
What else will you be looking for at this June get together product launch?
Anurag Rana
I think that is the most significant upgrade of adding more AI capabilities. I think that's the number one. The second is can we get into a point that they can give us a hint whether this conversational AI going into the phone and talking can take other action. So for example, will it be able to do some work on Apple CarPlay down the road? Because once you start using that, I think that's the next phase of big development for all of us where AI agents can go out and do shopping for you or do other things. But the point of intersection is still the iOS or the or you know, your interaction with your phone.
Show Promos Announcer
And very quickly, before we let you go, Anurag Oracle naming a new cfo. What will you be watching for, listening for from her?
Anurag Rana
I think the number one thing that for us is they found somebody from the power in the electric industry, which is probably the biggest bottleneck that we have in building data centers right now. So it's very clear to us where Oracle's future is as far as the management is concerned. You know, they are looking to deploy more in that area. The biggest question for me is where are their next acquisitions going to be? Are they going to be more on industrial side or they're going to stick to software?
David Gura
Stay with us. More from Bloomberg Intelligence coming up after this. Support for the show comes from Public. Lately it feels like there are two types of investing platforms. Some are traditional brokerages that haven't changed much in decades and others feel less like investing and more like a game. Public is positioned differently. It's an investing platform for people who are serious about building their wealth on public. You can build a portfolio of stocks, options, bonds, crypto without all the bugs or the confetti. Retirement accounts. Yep. High yield cash. Yes again. They even have direct indexing. Public has modern design, powerful tools and customer support that actually helps go to public.com market and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com market ad paid for by Public Holdings Brokerage Services by Public Investing Member FINRA SIPC Advisory Services by Public Advisors SEC Registered Advisor Crypto Services by ZeroHash all investing involves risk of loss. See complete disclosures@public.com disclosures.
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All right, let's bring in Catherine Chiglinsky right now. She is our US Finance team leader on Jamie Dimon's annual shareholder letter. And this is something that Jamie Dimon's been doing for years. He's kind of the spokesman, the ambassador for the industry at large and it used to focus on things like the fortress balance sheets of JP Morgan, but in recent years it's become kind of much bigger and broad ranging and talking about policy in the U.S. place in the world. What's the big takeaway from his latest letter?
Catherine Chiglinsky
Yeah, well I think you could see that in this letter. Well, he definitely talked about JP Morgan and the risks facing the bank and how the bank was weathering big changes like AI and all that stuff. He really spent like the biggest portion on critical issues facing America and he really dug into these geopolitical issues, including he mentioned the Iran war. He also mentioned the war in Ukraine. But he also talked a lot about what the bank and what other citizens need to be doing to bolster the U.S. make sure we don't fall behind. He ragged on Europe, which has been sort of a favorite talking point of his to say that they need to be doing more. And I think you've seen that a lot in how JP Morgan, they've been announcing all these initiatives. So like the security and resiliency initiative, they have, the American Dream initiative. It's all these ventures that they have now to focus quite a bit on certain aspects of the US economy. And I think that's Jamie really leaning into this sort of elder statesman role he has in the industry.
David Gura
Any hint as to succession thoughts?
Catherine Chiglinsky
No hint as to succession. And he was definitely like, still classic Jamie, sort of, you know, cheering on the bank and looking for the long term. So.
David Gura
But he did say that many companies will only thrive if their countries thrive. Now, is that behind the plan to deploy more than $1 trillion to ensure us remain strong? I mean, they're putting their money where their mouth is.
Catherine Chiglinsky
Yeah, they're putting their money where their mouth is.1 more than 1 trillion over a decade, you know, and I think it is financing a lot of these industries that will be key to the military and to other sort of like he brought up critical minerals, all these different businesses. And he's brought in help from the outside. Todd Combs from Berkshire is helping to lead that venture, part of that venture. And so, yeah, I think it is a little bit of him sort of leaning into sort of how does the bank relate to sort of geopolitics. And it's obviously quite a tumultuous time now for around the globe. Globe. So I think he was really trying to speak to investors concerns about that.
Show Promos Announcer
And of course he also spoke to investor concerns about private credit. This is something he has warned about in the past. Right. Calling them cockroaches if you see one. There's more to come. What has he said about private risk this time around?
Catherine Chiglinsky
So in some ways I think it was tempered.
Show Promos Announcer
Right.
Catherine Chiglinsky
Like he, he mentioned private credit. He doesn't believe it will likely be a systemic risk. So I think that was in you know, relation to other parts of the market, in the size of how private credit relates to that. But he did notice that like, you know, especially now we're seeing all these funds face redemption requests that are quite high. And he said, you know, that's likely to continue because this industry doesn't have a great transparency and not, not, you know, easily marking stuff. So I think it does create among investors sort of this concern of like, you know, do you want to be the last out if stuff does go wrong and if marks are off.
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Yukon Lee
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Episode: "Ferraris, Advil, and AI Chips: 10 Companies to Watch Right Now"
Date: April 6, 2026
Hosts: Paul Sweeney, Scarlet Fu
Featured Guests: Tim Craighead, Yukon Lee, Anurag Rana, Catherine Chiglinsky
This episode of Bloomberg Intelligence dives into ten standout companies identified by Bloomberg analysts as key investment opportunities for the coming quarter. The discussion highlights sectors ranging from luxury autos (Ferrari) and semiconductor giants (Micron) to timely commentary on Apple’s AI push and insights from Jamie Dimon's annual shareholder letter on JPMorgan Chase’s global strategy. The podcast combines on-the-ground research, sector trends, and expert perspectives to spotlight timely catalysts and market-moving developments.
(02:26 - 03:53)
(03:53 - 06:12)
Ferrari’s key developments:
Tim Craighead on Ferrari’s distinct market position:
"These are now starting to ramp, and we think that when you get in and see the next earnings reporting period, you will see the impact." (04:35)
Macro auto trends:
Quote:
"There’s more appetite for hybrids across Europe than...full-on plug-in electric vehicles." – Tim Craighead (05:26)
(06:12 - 07:46)
"It’s about managing companies well...It seems to be making a move towards ‘don’t call it ESG and tick a box...think about how this is a way you can actually manage a company better.'" – Tim Craighead (06:59)
(10:48 - 14:43)
Yukon Lee positions Micron as a major AI and tech play:
Potential Market Shift:
Quote:
"If one of the rival SK Hynix lists ADR in the United States, that premium may come to end because SK Hynix could...gain access to the ETF that tracks the US listed chip stocks." – Yukon Lee (12:25)
Why Korea Dominates Memory Chips:
(18:06 - 21:45)
Anurag Rana reviews Apple’s contrasting strategy:
Market Comparison:
"You can go back and see the valuation of Apple...it’s really divergent...because they’re only spending what, $12 to 15 billion dollars in capex...But look at Microsoft, it’s going to go up to $160 billion." – Anurag Rana (18:40)
Key features to watch:
Quote:
"You can go and call on, you know, whether it’s ChatGPT or Gemini or anybody else that you have downloaded, which means you will get the best of everything. But your point of interaction is still Apple’s iOS system." – Anurag Rana (20:08)
(25:03 - 28:14)
Catherine Chiglinsky summarizes themes:
Succession?
Private Credit Risks:
Quote:
"He doesn’t believe it will likely be a systemic risk...but he did notice that...we’re seeing all these funds face redemption requests...that’s likely to continue...this industry doesn’t have a great transparency." – Catherine Chiglinsky (27:39)
Ferrari’s turnaround and European hybrid trend:
"If you’re going to do electric, you’re going to do a hybrid. You’re not going to do a battery electric." – Tim Craighead (05:26)
On sustainable investment:
"It’s about managing companies well...actually driving better companies." – Tim Craighead (06:59)
Micron’s market positioning in AI chips:
"Micron is the biggest maker of this memory device called DRAM...crucial for the artificial intelligence transformation." – Yukon Lee (11:28)
Apple’s cautious approach to AI:
"They want to make sure that the most important distribution that they have, which is iOS, is as good as Android so that they don’t lose market share to Samsung." – Anurag Rana (20:08)
Jamie Dimon on country-company synergy:
"He did say that many companies will only thrive if their countries thrive." – David Gura (26:36)
This episode delivers a wide-ranging, insight-packed discussion on company-specific catalysts (Ferrari, Micron, Apple) and broader strategic themes (ESG, private credit, global competitiveness). Through analyst expertise, it highlights how shifts in product innovation, geographic market dynamics, and corporate governance trends are shaping the investment landscape for 2026.