Good evening and welcome to Markets Desk, your end-of-day read on what moved the needle.
Micron is sitting nearly forty percent off its peak, and the question every semiconductor investor is asking is whether this is a buying opportunity or a falling knife. History suggests cycles in memory chips reward patient capital, and analysts pointing toward mid-twenty twenty eight see meaningful recovery potential from current levels if AI-driven demand holds its trajectory.
Meanwhile, at Berkshire Hathaway, the transition from Buffett to Greg Abel is sharpening into focus around one specific question: MercadoLibre. Buffett passed on the Latin American e-commerce giant for more than seven years, but Abel's investment philosophy may be more willing to embrace high-growth emerging market exposure, particularly a platform that mirrors Amazon's reach without the brutal capital expenditure burden.
And perhaps the most politically charged story on the tape today, Waymo is reportedly importing thousands of Chinese-manufactured robotaxi vehicles at scale, even as U.S. tariffs and national security regulations effectively bar Chinese electric vehicles from American dealerships. The arrangement highlights a striking regulatory gap — rules designed to protect the auto industry may not have fully anticipated fleet procurement by a technology company operating under Alphabet's umbrella.
That's the tape. Markets Desk, signing off the floor.
