The tweet was deleted by the author.
But we saved everything 🙂.
Lisa Abramowicz, journalist, co-host on Bloomberg TV/Radio, notes that Micron's rapid increase in value to reach a $1 trillion valuation is without precedent.
She draws a comparison to previous seismic shifts in wealth creation, stating that the dot-com boom produced millionaires, the aftermath of the 2008 financial crisis minted billionaires, and the current AI revolution is resulting in trillionaires.
Abramowicz previously reported that average yields on long-dated government bonds have climbed to their highest levels since 2008, citing ongoing rate pressures (article). She has also noted that 40% of fund managers identified renewed inflation as the top risk in Bank of America’s May survey, as equity allocations rose (article). These recent observations provide context for her commentary on Micron’s rise and the wealth created in the AI sector.