# Micron Soars After AI-Fueled Forecast Shatters Projections

An episode of [Bloomberg Intelligence](https://invisiblenetwork.ai/podcast/326301337), 25 Jun 2026, 20 min.

Audio: https://podtrac.com/pts/redirect.mp3/tracking.swap.fm/track/UVBrz8bN8aM2Xe47PEPu/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/7f534b8c-9e91-429a-b102-ae3c00090c6d/7ca7b95c-aab3-496a-9fdb-b4740113e188/audio.mp3?utm_source=Podcast&in_playlist=0ad812bf-fd15-4012-a18c-ae3c00090c76

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -Jake Silverman, Bloomberg Intelligence Semiconductor Analyst, recaps Micron earnings. Micron Technology Inc. shares surged after the company issued a quarterly sales forecast that exceeded Wall Street estimates, signaling that an AI-fueled growth run remains strong. Micron has secured 16 strategic customer agreements, which suggests the company can mitigate the boom-and-bust cycles that have plagued the memory chip industry. -Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses earnings from Darden Restaurants. Darden Restaurants Inc. posted a cautious overall profit outlook as same-store sales at Olive Garden trailed expectations. The company sees fiscal 2027 earnings per share from continuing operations between $11.10 and $11.35, below analysts’ forecast. -Matt Miller, Open Interest Co-Host on Bloomberg Television and Co-Host of the Hot Pursuits Podcast, discusses his interview with Ford CEO Jim Farley. Ford hired veteran engineers to help train younger staff and reprogram artificial intelligence tools to address quality problems. The result of this effort is that Ford is the top mainstream brand in the latest JD Power Initial Quality Survey, with three of its models ranking highest in their respective categories. See omnystudio.com/listener for privacy information.

## Transcript

[0:02] Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. You're listening to the
[0:10] Speaker 1: Bloomberg Intelligence Podcast. Catch us live weekdays at ten am
[0:14] Speaker 1: Eastern on Apple, Cocklay and Android Auto with the Bloomberg
[0:17] Speaker 1: Business App. Listen on demand wherever you get your podcasts,
[0:21] Speaker 1: or watch us live on YouTube.
[0:24] Speaker 2: Purring Season, let's talk about a Micron Technologies came out
[0:27] Speaker 2: some numbers last night. Stocks up twelve percent year today,
[0:31] Speaker 2: But that's not the good number. The good number is
[0:33] Speaker 2: year to date up three hundred percent, over the trailing
[0:37] Speaker 2: twelve months, up eight hundred percent. So and this is
[0:41] Speaker 2: a one point three trillion dollar market cap company, people,
[0:43] Speaker 2: So there's some real money being made by investors here.
[0:48] Speaker 2: This is not a pink sheet, which my next guest
[0:50] Speaker 2: doesn't know what a pink sheet is, but it's not
[0:51] Speaker 2: a pink sheet stock. Jake Silverman, Semiconductor Analyts or Bloomberg
[0:54] Speaker 2: Intelligence Joints is here what you hear from Micron last.
[0:57] Speaker 3: Night, Jake?
[0:57] Speaker 2: That that's got the market pretty positi here.
[1:00] Speaker 4: Yeah, I mean it's continued upward pricing momentum. All that
[1:05] Speaker 4: is for the most part AI driven, you know. I mean, look,
[1:09] Speaker 4: we've seen healthy PC smartphone demand, but that's not the
[1:11] Speaker 4: real story. Right, We're seeing hyperscale CAPEX continue to grow
[1:16] Speaker 4: at an incredibly high rate, and memory is becoming an
[1:18] Speaker 4: increasingly large portion of that, But it's really on pricing.
[1:22] Speaker 4: Demand is strong because of AI buildouts, Right, We're shifting
[1:25] Speaker 4: from an AI training or environment to AI inferencing, and
[1:29] Speaker 4: that's just increasing the amount of memory that you need
[1:31] Speaker 4: in these data centers. The memory intensity is going higher.
[1:35] Speaker 4: But then we're also seeing longer term contracts being signed
[1:38] Speaker 4: by customers. They talked to Micron talked about sixteen last night,
[1:43] Speaker 4: one hundred billion dollars of revenue contract going all the
[1:45] Speaker 4: way out in some cases to twenty thirty.
[1:48] Speaker 5: Wow. So of course now the bar continually gets raised
[1:51] Speaker 5: for a company like Micron. Was there anything sort of
[1:54] Speaker 5: the minutia of this report that I don't know is
[1:57] Speaker 5: maybe a mini red flag for Micron or for the
[1:59] Speaker 5: greater in industry.
[2:01] Speaker 4: Yeah, So it's the interesting thing is, yeah, you really
[2:03] Speaker 4: is truly minute show because I think Mark the CFO
[2:06] Speaker 4: mentioned ASC six oh six last night, not something you
[2:10] Speaker 4: typically hear on memory calls. But but the interesting thing
[2:13] Speaker 4: about this is they talk about floor pricing and some
[2:16] Speaker 4: of these agreements I think they have twenty five percent
[2:19] Speaker 4: of their revenue or bits contracted out, but they're talking
[2:23] Speaker 4: about getting up to fifty percent or so of that
[2:26] Speaker 4: demand getting contracted. Now, that leaves another fifty percent that
[2:30] Speaker 4: isn't potentially going to get contracted. So when we start
[2:33] Speaker 4: to see a downturn, you know, the floor pricing on
[2:35] Speaker 4: those contract agreements, you know, they're talking about healthier margins
[2:39] Speaker 4: than even the last cyclical peak, which would put it
[2:41] Speaker 4: at you know, north of sixty percent probably, which is pretty.
[2:46] Speaker 5: So still an enviable position.
[2:47] Speaker 4: It's still enviable, but it's also a question mark is
[2:50] Speaker 4: when does the downturn occur and what happens to the
[2:52] Speaker 4: rest of the business that isn't contracted out, and you know,
[2:56] Speaker 4: what are the margins on the floor pricing for some
[2:59] Speaker 4: of those tracks. Anyway, it's all just there's a lot
[3:02] Speaker 4: of question marks and a lot of unknowns, and unfortunately
[3:04] Speaker 4: we're just not going to really know near term what's
[3:07] Speaker 4: going to happen. It's too far out because capacity in
[3:10] Speaker 4: the industry just can't keep pace with demand.
[3:13] Speaker 6: All right.
[3:14] Speaker 2: Mike trailing twelve month stocks up, Micron trailing twelve month
[3:17] Speaker 2: stocks up eight hundred and twenty five percent, sk Heinex
[3:20] Speaker 2: up nine hundred and twenty five percent, Western Digital up
[3:23] Speaker 2: nine hundred and eighty percent, Cegate Technology up six hundred
[3:26] Speaker 2: and forty percent. Is there anyone differentiate between these companies
[3:30] Speaker 2: or do you just shut up and buy them?
[3:32] Speaker 7: Buy them?
[3:33] Speaker 4: Well, so the thing is sk Heinex, they have the capacity,
[3:37] Speaker 4: they have HB, they have a stronger HBM demand base
[3:41] Speaker 4: because of the capacity and because of their historyuth Nvidia
[3:43] Speaker 4: than Micron. Micron has about twenty to twenty five percent
[3:47] Speaker 4: DM market share, a little bit lower on land. Sk
[3:52] Speaker 4: Henix has that capacity base, Samsung has that capacity base.
[3:55] Speaker 4: But also if you look at Samsung, they have tons
[3:56] Speaker 4: of other businesses. It's just that no one needs to
[3:59] Speaker 4: care as much about them right now because memory is
[4:01] Speaker 4: doing so well. But they have foundry business, they have smartphone,
[4:04] Speaker 4: all sorts of TV. I mean they're all and then
[4:07] Speaker 4: you look at it Western Digital and Cgate and they're
[4:09] Speaker 4: they're not even memory their storage, and you know, it's
[4:11] Speaker 4: hard to differentiate. But they have their own duopoly scenario
[4:15] Speaker 4: going where they're the main players in that industry and
[4:17] Speaker 4: they're not increasing capacity either, And so you have several
[4:20] Speaker 4: different dynamics all going around, But how do you really
[4:23] Speaker 4: differentiate between Heinez and Micron and sand Disk. It's really difficult.
[4:28] Speaker 5: Did this report from Micron appease investors' worries about the
[4:32] Speaker 5: AI trade or is this just is this going to
[4:34] Speaker 5: be like a short lived situation? I think it.
[4:37] Speaker 4: What it really did is the reason I mentioned the
[4:39] Speaker 4: floor pricing is because I think that was what investors
[4:42] Speaker 4: wanted to know, is will these contracts get renegotiated and
[4:46] Speaker 4: take step down pricing when the cycle starts to turn.
[4:49] Speaker 4: Assuming you still think these stocks are cyclical, which in
[4:52] Speaker 4: my point of view, I still think that memory is cyclical.
[4:55] Speaker 4: It's just that we might see some structural changes in
[4:58] Speaker 4: the way that those price, the price volatility changes. It
[5:01] Speaker 4: might just be less volatile and maybe even actually elongated.
[5:05] Speaker 4: But it also might mean that instead of having tens
[5:07] Speaker 4: of billions of dollars of cash burn, you might not
[5:10] Speaker 4: see any cash burn at all in the industry. It
[5:14] Speaker 4: could be razor thin in terms of free cash flow.
[5:16] Speaker 4: But yeah, investors, I think are looking at this and
[5:20] Speaker 4: they're trying to figure out is this short lived? Is
[5:22] Speaker 4: this long term? Are we going to actually see a
[5:26] Speaker 4: real cycle play out? What's the length of that cycle.
[5:28] Speaker 4: And I think the floor pricing and the more talk
[5:31] Speaker 4: about contracts how many customers, I think that starts to
[5:34] Speaker 4: impease some of the anxiety.
[5:36] Speaker 1: Stay with us.
[5:37] Speaker 5: More from Bloomberg Intelligence coming up after this.
[5:43] Speaker 1: You're listening to the Bloomberg Intelligence podcast. Catch us live
[5:47] Speaker 1: weekdays at ten am Eastern on Apple, Cocklay and Android
[5:50] Speaker 1: Auto with the Bloomberg Business app. Listen on demand wherever
[5:53] Speaker 1: you get your podcasts, or watch us live on YouTube.
[5:58] Speaker 2: Well, we get some earnings from dartin Red Restaurants here today.
[6:02] Speaker 8: Weak outlook.
[6:03] Speaker 3: Apparently the Olive Garden sales outlook disappoints.
[6:06] Speaker 2: Let's break it down with Michael Halen, senior restaurant and
[6:08] Speaker 2: food services analyst for Bloomberg Intelligence.
[6:11] Speaker 3: Mike, what do you see from Darden with their earnings report?
[6:16] Speaker 7: Yeah, you know, it was a pretty solid report.
[6:19] Speaker 9: You know, cut they were able to drive pretty strong
[6:22] Speaker 9: seam store sales, especially at Longhorn. You know, they had
[6:26] Speaker 9: a social media post go viral about the return of
[6:29] Speaker 9: their Palmsjean crusted lamb chops.
[6:34] Speaker 7: So all in all, it was it was a pretty
[6:36] Speaker 7: good quarter.
[6:37] Speaker 9: The issue would really be, you know, twofold Number one
[6:41] Speaker 9: is their fiscal twenty seven guidance came in light on
[6:44] Speaker 9: the EPs line.
[6:45] Speaker 7: Right.
[6:46] Speaker 9: This company is known to guide pretty conservatively, so that
[6:50] Speaker 9: that could be what's.
[6:51] Speaker 7: Going on there.
[6:52] Speaker 9: And the other thing is, you know, sales are going
[6:55] Speaker 9: to slow sequentially, So sales are going to slow sequentially
[6:57] Speaker 9: for everyone because the restaurant industry had a very good
[7:01] Speaker 9: summer last year. So now we have to lap those
[7:04] Speaker 9: tough pomps. We have tough base effects, and especially so
[7:07] Speaker 9: for Darden's brand. So Darden's brands had a nice boost
[7:11] Speaker 9: last year from rolling out third party delivery with Uber Eats,
[7:16] Speaker 9: and now that they're going to lap it, especially Olive Garden,
[7:19] Speaker 9: sales are going to slow.
[7:21] Speaker 5: So, Michael, they also own Ruth's Chris Steakhouse. You mentioned Longhorn,
[7:25] Speaker 5: But what is happening at Olive Garden. We know that
[7:27] Speaker 5: they've been trying to get things back on track, and
[7:30] Speaker 5: they even were doing smaller portions. I think they're still
[7:34] Speaker 5: doing that. That doesn't seem to be taken. What what's
[7:36] Speaker 5: going on? Why can't they seem to gain traction with
[7:38] Speaker 5: the consumer?
[7:41] Speaker 9: Yeah, you know, I don't I don't necessarily feel that
[7:44] Speaker 9: that's the case. I mean, they had same sort of
[7:46] Speaker 9: sales that were pretty strong, you know last year, right, Like.
[7:53] Speaker 7: It's basically part of the issue is their own success.
[7:56] Speaker 9: So last year, Olive Garden had a pretty good year,
[7:58] Speaker 9: and now they have to lap those strong results. You know,
[8:00] Speaker 9: we we still think that Darden is gonna outpace most
[8:04] Speaker 9: of their casual dining peers, Olive Garden included. You know,
[8:09] Speaker 9: but we see that this industry as a whole slowing
[8:13] Speaker 9: this summer. You know, low income consumers are still strapped, right,
[8:19] Speaker 9: They've they spent their higher tax refunds, you know, at
[8:24] Speaker 9: the pump. And you know, we expect restaurant you know,
[8:27] Speaker 9: uh sales here to start to to decelerate here over
[8:31] Speaker 9: the next quarter. And you know, Olive Garden and Darden
[8:35] Speaker 9: is not I mute.
[8:36] Speaker 3: So what what do you see, Michael?
[8:38] Speaker 2: Just cross the board, you cover all these restaurants, you
[8:41] Speaker 2: see from the quick service restaurants all the way up
[8:43] Speaker 2: to some of the higher end stuff. Is the K
[8:47] Speaker 2: shaped economy apparent in the restaurant business as well?
[8:52] Speaker 7: For sure?
[8:53] Speaker 9: That's probably We've been writing about it for several years now.
[8:57] Speaker 9: We were probably the first industry to feel it. And yeah,
[9:01] Speaker 9: i'd say, going back two plus years, we saw it.
[9:05] Speaker 9: I think I forget maybe it was Chipotle who was
[9:08] Speaker 9: one of the first to admit it because they didn't
[9:10] Speaker 9: have that many low income consumers, so it wasn't going
[9:13] Speaker 9: to impact them as much as some of their peers.
[9:15] Speaker 9: But you know, yes, this is inflation really impacts the
[9:20] Speaker 9: restaurant industry.
[9:21] Speaker 7: Number one.
[9:22] Speaker 9: It impacts low income and middle income consumer spending.
[9:25] Speaker 10: Right.
[9:26] Speaker 7: People have been spending way.
[9:27] Speaker 9: More at the pump over the last couple of months
[9:30] Speaker 9: than they had been. That takes money, you know, out
[9:33] Speaker 9: of the out of their wallet that could be used
[9:36] Speaker 9: for restaurant visits. Restaurants are very, very sensitive. It really
[9:40] Speaker 9: is a canary for canary and the coalmi for the
[9:43] Speaker 9: economy in the United States, and low income consumers remain strapped.
[9:47] Speaker 9: Low and middle income got a boost with these refund
[9:50] Speaker 9: shack checks. You know, we expect that to be short
[9:53] Speaker 9: lived and now we just have to, you know, face
[9:56] Speaker 9: some tough comps. You know, I think it's it's a
[9:59] Speaker 9: tough time for restaurants. You know, low income consumers not
[10:03] Speaker 9: getting better and it's not going to until we see
[10:06] Speaker 9: inflation get back down to that two percent or below.
[10:10] Speaker 5: Yeah, the margins are just so razor thin for so
[10:12] Speaker 5: many of these restaurants. But did they say on the
[10:14] Speaker 5: earnings call anything about beef prices, These high beef prices
[10:18] Speaker 5: and the fact that consumers are still going to steakhouses.
[10:21] Speaker 5: It seems like in droves, including.
[10:23] Speaker 9: Tonight, steakhouses do pretty well in times of beef inflation.
[10:28] Speaker 9: And part of that is, you know, the gap between
[10:32] Speaker 9: what they pay at the grocery store and at the
[10:35] Speaker 9: restaurants tends to close. Restaurants can sell different cuts of meat, right,
[10:39] Speaker 9: so they can be more particular and take advantage of
[10:43] Speaker 9: movements of different cuts of meat, and so the gap actually.
[10:47] Speaker 7: Shrinks when we see beef inflation, and so.
[10:50] Speaker 9: People will opt to get their steaks out at a restaurant.
[10:55] Speaker 9: This year, we're looking for more inflation. It's not going
[10:58] Speaker 9: to be what we saw last year. So Darden was
[11:01] Speaker 9: talking about some low single digit beef inflation. It's going
[11:04] Speaker 9: to be higher in the first quarter, but then it's
[11:06] Speaker 9: going to start to lap some really strong inflation in
[11:09] Speaker 9: the back half of last year. And so for that reason,
[11:12] Speaker 9: the chain's going to see less beef inflation, and the
[11:15] Speaker 9: entire industry is going to see less beef inflation as
[11:17] Speaker 9: the year goes on.
[11:18] Speaker 3: I'm getting my New York strip tonight a Keen steakhouse.
[11:21] Speaker 5: I passed keys the other day and I thought, of you,
[11:23] Speaker 5: that's your favorite steakhouse in the city.
[11:24] Speaker 2: Right now, some boys are coming in from out of town. Nice,
[11:26] Speaker 2: that's where they want to go. So we'll do that, Hey, Mike.
[11:30] Speaker 2: One of the industries singled out is potentially at risk
[11:34] Speaker 2: from tighter immigration was the restaurant industry.
[11:38] Speaker 3: Have you seen that as that come to fruition.
[11:41] Speaker 9: Yeah, we have seen it, and you know, we are
[11:44] Speaker 9: just you know, we've been writing our mid year outlook,
[11:48] Speaker 9: and what we've been talking about is that casual dining
[11:51] Speaker 9: in the first half of the year outperformed quick service
[11:54] Speaker 9: restaurants in terms of their sales, in terms of valuation.
[11:57] Speaker 7: They really have for the last year and a half.
[12:00] Speaker 9: So a big part of that is a better supply
[12:02] Speaker 9: and demand balance. So since the pandemic, like right after
[12:08] Speaker 9: the pandemic, and for a while, casual dining chains, full
[12:11] Speaker 9: service sitdown chains have been shutting stores. In fact, they've
[12:14] Speaker 9: been shutting them for fifteen plus years since the Great Recession,
[12:18] Speaker 9: and so but at the same time, quick service and
[12:21] Speaker 9: fast casual names. You know, for some reason, this narrative
[12:25] Speaker 9: came out that quick service was recession proof, as ridiculous
[12:29] Speaker 9: as that is. And you know, people were building quick
[12:32] Speaker 9: service and fast casual chains as fast as they could
[12:34] Speaker 9: for the last five.
[12:35] Speaker 7: Or six years.
[12:36] Speaker 9: And now that part of the business is overbuilt, whereas
[12:41] Speaker 9: casual dining has a better supply and demand imbalance balance.
[12:45] Speaker 9: And so now that you know immigration has declined, you know,
[12:50] Speaker 9: these full service chains are just in a much better spot.
[12:54] Speaker 1: Stay with us.
[12:55] Speaker 5: More from Bloomerick Intelligence coming up after this.
[13:01] Speaker 1: You're listening to the Bloomberg Intelligence podcast. Catch us live
[13:05] Speaker 1: weekdays at ten am Eastern on Apple, Cocklay and Android
[13:08] Speaker 1: Auto with the Bloomberg Business App. Listen on demand wherever
[13:11] Speaker 1: you get your podcasts, or watch us live on YouTube.
[13:15] Speaker 2: Ford Motor Company took an unusually human approach to fixing
[13:19] Speaker 2: its stubborn quality problems. It brought back what it caused
[13:22] Speaker 2: gray beard engineers to help train younger staff and to
[13:26] Speaker 2: reprogram the artificial intelligence tools that weren't getting the job
[13:30] Speaker 2: done Earlier. Bloomberg Television anchor Matt Miller spoke with Ford
[13:33] Speaker 2: CEO Jim Farley on bringing back human inspectors.
[13:37] Speaker 10: That human motivation to pay attention to everyone everything is amazing. Look,
[13:42] Speaker 10: we make eighty five percent of our vehicles in the US. Man.
[13:45] Speaker 10: That means these are US factory workers versus even our
[13:49] Speaker 10: domestic competitors. They're some of the biggest importers in the US.
[13:53] Speaker 10: We're not building these vehicles in South Korea or Japan.
[13:56] Speaker 10: These are American workers beating Toyota and Hyundai, and are
[14:01] Speaker 10: domestics who import their vehicles.
[14:04] Speaker 3: We beat them all, all right. That was Ford CEO
[14:07] Speaker 3: Jim of Farley.
[14:08] Speaker 2: Looking at Ford stocks up two point eight percent today
[14:10] Speaker 2: of about eight point four percent year to date. Matt
[14:13] Speaker 2: Miller joins, this year, Matt, you had that interview with
[14:16] Speaker 2: mister Frawley. I was not expecting that story, what.
[14:20] Speaker 8: That they were going to do?
[14:21] Speaker 5: Great, Beard, Ederis I like it?
[14:23] Speaker 8: Yeah, No, I think my demo, but I think.
[14:25] Speaker 6: I mean, that's the most interesting part of this story, actually,
[14:28] Speaker 6: the comeback. I told him, you're like Tiger Woods winning
[14:31] Speaker 6: the Masters in twenty nineteen.
[14:32] Speaker 8: You're like, you're like Jordan winning.
[14:34] Speaker 6: A championship, you know, in twenty twenty six, because they
[14:37] Speaker 6: were so far down they were fifteenth ranked fifteenth in
[14:41] Speaker 6: JD Power's survey in twenty twenty three, and they're number
[14:45] Speaker 6: one today among the major automakers. And this isn't somebody said, hey,
[14:49] Speaker 6: don't you just buy those rankings. No, it's based on
[14:53] Speaker 6: how many problems customers report per hundred vehicles, So you
[14:57] Speaker 6: can't influence them other than doing a better job building cars.
[15:02] Speaker 8: Or a worse job obviously if you want to go down.
[15:04] Speaker 6: So it's not only an amazing comeback, but it's going
[15:08] Speaker 6: to be a huge contribution also to the bottom line
[15:11] Speaker 6: because what happens when you build crapp equality cars, They
[15:15] Speaker 6: keep coming back for warranty work, you keep getting safety recalls,
[15:19] Speaker 6: and you have to spend a lot of money. And
[15:21] Speaker 6: that was really a significant hit to Ford's bottom line
[15:23] Speaker 6: over the last couple of years. They were losing a
[15:25] Speaker 6: lot of money. Farley now says they're going to save
[15:27] Speaker 6: hundreds of millions of dollars, and they're forecasting between eight
[15:31] Speaker 6: and a half and ten and a half billion dollars
[15:33] Speaker 6: in pre tax earnings this year. I could imagine that
[15:37] Speaker 6: forecast getting upgraded at their next earning is because of
[15:41] Speaker 6: this improvement in quality.
[15:43] Speaker 5: Are they doing it with more AI or less AI?
[15:46] Speaker 5: Guess when I hear about the human touch, I'm thinking, Oh,
[15:48] Speaker 5: I don't Maybe they're doing this with like actual humans
[15:51] Speaker 5: and not so much the technology.
[15:52] Speaker 8: Yeah, I think.
[15:53] Speaker 6: I mean, I asked him, is it technology factory processes?
[15:58] Speaker 6: Are you more close monitoring your suppliers are using AI?
[16:02] Speaker 6: And he said, we're using AI, but this is really
[16:04] Speaker 6: a human labor solution to the problem. We've We've brought
[16:08] Speaker 6: back people who have real experience. They're teaching our younger workers.
[16:12] Speaker 6: They're also better able to train the AI, because you know,
[16:16] Speaker 6: you've got to tell the AI what to do, and
[16:18] Speaker 6: if you don't know to start with, that's a real problem.
[16:21] Speaker 6: So I think at this point, when we're worried about
[16:25] Speaker 6: AI taking human jobs is refreshing. It's a really refreshing
[16:28] Speaker 6: thing to hear. And it's really interesting as well that
[16:32] Speaker 6: they need some of those skilled workers back on the
[16:34] Speaker 6: factory floor at the Rouge and other plants around around
[16:37] Speaker 6: the country.
[16:38] Speaker 2: What's the company saying these days? What's mister Farley saying
[16:42] Speaker 2: about electric vehicles? Because this is an industry here in
[16:45] Speaker 2: the US that kind of went aggressively at some point
[16:49] Speaker 2: time when it seemed like that's really where the world
[16:51] Speaker 2: was going. They cost a lot of money, they've lost
[16:53] Speaker 2: a lot of money. Now they've kind of pulled back
[16:54] Speaker 2: a little bit.
[16:55] Speaker 7: Well, yeah, where's Ford.
[16:56] Speaker 6: I mean, they lost almost five billion dollars last year
[16:59] Speaker 6: on ev and they're fixing to lose another four billion
[17:03] Speaker 6: this year.
[17:04] Speaker 8: About they've really pulled back from evs.
[17:07] Speaker 6: And as an example, they built a battery factory in Marshall,
[17:12] Speaker 6: Michigan with c at L with a Chinese battery manufacturer,
[17:17] Speaker 6: and they're they're going to produce about twenty gigawatts of
[17:21] Speaker 6: power a year there, but not aiming it as much
[17:24] Speaker 6: at car batteries anymore as they are at giant data
[17:27] Speaker 6: storage batteries. So these are gonna be like the size
[17:29] Speaker 6: of a shipping container. And if you're putting up like
[17:34] Speaker 6: a gigawat data center, you're gonna need to buy like
[17:37] Speaker 6: forty or fifty of these things to hold power in
[17:41] Speaker 6: case your original power source has a glitch or needs
[17:44] Speaker 6: to get change changed over or whatever. They've already got
[17:47] Speaker 6: a big deal with EDF of the US and I
[17:51] Speaker 6: asked him, you know, are you making deals with hyperscalers
[17:53] Speaker 6: like Meta, like Google, like Amazon? And he said that's
[17:56] Speaker 6: you know, the direction that they're headed, and they're really
[17:58] Speaker 6: excited about it. That's an unexpected tailwind for this company
[18:01] Speaker 6: and one of the reasons that their stock has outperformed
[18:04] Speaker 6: every single competitor in terms of the major company all
[18:07] Speaker 6: the way around.
[18:08] Speaker 5: An incredible comeback story. Is the F one fifty still
[18:10] Speaker 5: the best selling truck in the US?
[18:12] Speaker 8: Well, the F series.
[18:13] Speaker 6: It's important to say the F series because that encompasses
[18:16] Speaker 6: the F one, fifty two, fifty three, fifty four, fifty six,
[18:19] Speaker 6: fifty seven to fifty all.
[18:21] Speaker 3: All over it.
[18:21] Speaker 5: They have an ev as well, don't they, The Lightning?
[18:24] Speaker 9: Yeah, the Lightning.
[18:25] Speaker 8: Paul and I both have driven it. Paul, do you
[18:27] Speaker 8: think that, which is crazy.
[18:28] Speaker 5: Can also be a backup generator for your home?
[18:31] Speaker 3: Can do anything?
[18:31] Speaker 8: Exam thing it can?
[18:32] Speaker 6: In fact, you can switch it over your home over
[18:36] Speaker 6: the average home I think can run fully for like
[18:38] Speaker 6: three days on that. But that's another project from which
[18:41] Speaker 6: they really pulled back substantially. I mean, it was a
[18:43] Speaker 6: it was a fun car to drive, but it was
[18:45] Speaker 6: a It was a money loser for them, and the
[18:48] Speaker 6: depreciation hit is horrible for anyone who.
[18:50] Speaker 8: Actually bought one for full price.
[18:53] Speaker 6: The point is they are the biggest seller of American
[18:56] Speaker 6: trucks in terms of the F series nameplate. It sells
[18:59] Speaker 6: more than Sierra. It sells more than Silverado, although if
[19:04] Speaker 6: you were to combine GM and Silverado, Chevy Silverado and
[19:08] Speaker 6: GMC Sierra, then they actually outsell the app series.
[19:13] Speaker 1: This is the Bloomberg Intelligence podcast, available on Apple, Spotify,
[19:18] Speaker 1: and anywhere else you get your podcasts. Listen live each weekday,
[19:22] Speaker 1: ten am to noon Eastern on Bloomberg dot com, the
[19:25] Speaker 1: iHeartRadio app, tune In, and the Bloomberg Business app. You
[19:29] Speaker 1: can also watch us live every weekday on YouTube and
[19:33] Speaker 1: always on the Bloomberg terminal

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.