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Skydance takes on streamers and tech giants. (0:14) Micron could triple as the memory boom accelerates. (1:20) SpaceX seeks $40B to load up on Nvidia chips. (1:39)
This is an abridged transcript of the podcast:
Our top story so far, David Ellison is betting on technology to reshape Skydance (SKYD), as it’s now known following the completion of the Paramount Skydance-Warner Bros. Discovery merger.
“Technology is reshaping how stories are created, distributed and experienced,” Ellison said in a memo to employees, obtained by Business Insider.
He said Skydance would “embrace technology – not just as a buzzword or as a side project, but as a fundamental capability of this company.”
Newly appointed co-CEO Ynon Kreiz said at a press conference that the company plans to use technology “to improve how we work; to amplify the creative process; to (conceive) better ways to engage consumers.”
The executives said they plan to deploy AI tools across the business, with Ellison describing AI as a “force multiplier.”
The technology push comes as Skydance faces competition not only from Netflix (NFLX), Walt Disney (DIS) and other entertainment companies, but also from technology companies including Apple (AAPL), Amazon (AMZN) and Meta Platforms (META). Ellison said the industry had failed to adapt quickly enough to those challengers.
“They allowed Netflix to disrupt their business,” he told reporters. “They allowed Amazon Prime Video to come and disrupt their business. They didn’t transform, and they held on to the past for too long.”
Among active stocks, DA Davidson is expecting shares of Micron (MU) to triple to $3,000, with the stock on a growth trajectory for the next 3-5 years that it says the market has not yet acknowledged.
The firm boosted its target from $2,100, noting it expects memory demand to exceed supply in 2027 and 2028.
SpaceX (SPCX) is looking to raise $40B in a financing effort led by Apollo Global Management (APO) to purchase Nvidia (NVDA) chips, according to the FT.
And Unity Software (U) is higher after announcing it’s teaming up with Google (GOOG) (GOOGL) to build an integrated gaming platform coming later this year.
The companies also highlighted an experimental new Playground platform, available today, which allows users 18 and over to generate and customize playable games using natural language prompts, with no coding required.
In other news of note, is Webull (BULL) a China shop?
Shares of Webull are plunging more than 20% after a report that the trading platform is linked in “structural ways” with the Chinese government.
A bipartisan House Select Committee on China report seen by CNBC said: “Webull’s ownership architecture, technical workforce, technology infrastructure, cross-border data routing, corporate financing, and compliance frameworks are tied in structural ways to the People’s Republic of China.”
And in the Wall Street Research Corner, tech bull Dan Ives touts some familiar names in his list of top tech stocks for 2027.
The former Wedbush analyst initiated tech coverage at his new merchant bank Yorkville Ives with Nvidia (NVDA), Microsoft (MSFT), Palantir (PLTR), Apple (AAPL) and CrowdStrike (CRWD) as his favorite plays.
“In our view, investors underestimating the scale and scope of this $4 trillion dollar spending wave next few years,” Ives posted.
He also chose Tesla (TSLA) as his favorite tech disruptor play.
