Get a jump start on the US trading day on "Bloomberg Open Interest."Microsoft races to recover from a global outage disrupting users worldwide. Plus, Nvidia’s crisis turns into a US, China chip showdown ahead of a Trump-Xi meeting. Plus, Anthropic’s blockbuster IPO demand, what lingering Iran risks could mean for markets and Boston Fed President Susan Collins join us for an exclusive interview on why more rate tightening is needed. (Source: Bloomberg)
OpenAI introduced ChatGPT Wallet, a new secure payment method that its artificial intelligence tool can use to make purchases on consumers’ behalf, renewing its push into AI shopping after winding down an Instant Checkout feature earlier this year.
Senator Chris Coons, a Democrat from Delaware, says Commerce Secretary Howard Lutnick "let America down" and is at center of a controversy involving Nvidia. Senator Coons wants to know if Lutnick made it easier for China to secure Nvidia advanced AI chips. Coons says he has no "concrete evidence" that US national security has been compromised. President Donald Trump says he has complete confidence in Lutnick. Senator Coons speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Federal Reserve Bank of Boston President Susan Collins, discusses inflation risks, monetary policy and broader economic conditions during an interview with Michael McKee on "Bloomberg Open Interest." Collins says inflation remains too high and is showing signs of broadening beyond energy, with resilient demand and healthy growth supporting the case for additional policy tightening “soon." Collins also comments on the challenges facing the housing market and the economic impact of AI. (Source: Bloomberg)
On this episode of Stock Movers:
- Shares of Cerebras Systems (CBRS) soared ahead of the US market open after the chipmaker gave a sales guidance well above estimates, while unveiling new deals with Oracle and Microsoft. A key investor concern is a rollout delay in the firm’s contract with OpenAI.
- Shares of Cisco Systems (CSCO) declined in the early session after the networking gear maker reported a 21% rise in product orders in fiscal 1Q, missing expectations and marking a slowdown from the previous period.
- Shares of Applied Materials (AMAT) inched higher after the company reported fourth-quarter results that beat expectations and gave an outlook for adjusted first-quarter earnings that is stronger than expected. (Source: Bloomberg)
Anthropic’s potential IPO is drawing extraordinary investor demand, with a reported target valuation of $1.4 trillion. Bloomberg’s Bailey Lipschultz joins Bloomberg Open Interest to explain why investors see the AI company as a must-own and why soaring compute costs, cash burn, uncertain profitability and unusual insider share sales could make the offering volatile. (Source: Bloomberg)
Michelle Weaver, head of US thematic research at Morgan Stanley, says AI fundamentals remain strong despite recent market volatility. “On both of those fronts, yes, we’re still seeing positive signals,” Weaver says on “Bloomberg Surveillance,” citing compute demand and gains from AI adoption. (Source: Bloomberg)
Valor Equity Partners founder Antonio Gracias has cashed in on the decades of bets he’s placed on his close friend Elon Musk’s companies: since 2003, Valor has delivered a 78% net return rate across all of its funds.
Microsoft Corp. said access has been fully restored to its flagship software, ending an outage that paralyzed government offices, traders and businesses around the world.
Data center developer Nscale needs more cash, has significantly increased its debt and is more reliant on Nvidia Corp. than previously disclosed, it said in a regulatory filing ahead of its planned initial public offering.
Radio Free Mobile founder Richard Windsor says the immediate damage to Nvidia is reputational, with its products, contracts and financial outlook still intact. He says the critical test for Jensen Huang’s successor will be maintaining the rapid product-development cycle that underpinned Nvidia’s dominance and warns that any slowdown could cost the company market share and margins.
Windsor was speaking to Tom Mackenzie on the latest episode of Bloomberg Tech: Europe which explored the risks and rewards for Europe following Jensen Huang's departure as Nvidia CEO.
(Source: Bloomberg)
Dan Ives, partner and senior managing director at Yorkville Ives & Co., says that Nvidia without Jensen Huang “evens the playing field” in artificial intelligence and discusses why he thinks the next CEO will be from outside the company. Ives also addresses what he calls Microsoft’s “disaster moment” with disruptions for Outlook, Teams and the Copilot AI tool. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
China’s car business is miles ahead of the rest of the world. Brad Stone took a special look at its EV supremacy in Businessweek’s special December issue on the Asian nation. (Source: Bloomberg)
Dan Ives, partner and senior managing director at Yorkville Ives & Co., says that Nvidia without Jensen Huang “evens the playing field” in artificial intelligence. Ives discusses Nvidia’s valuation without Huang, why he thinks the next CEO will be from outside the company and what challenges they may face. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
Nvidia faces is in crisis after the sudden departure of Jensen Huang, the rock star CEO who turned it into the company at the heart of the AI boom.
As markets digest the fallout, the shockwaves are spreading across Europe’s technology ecosystem.
In this special edition of Bloomberg Tech Europe, Tom Mackenzie explores what it means for the tech industry, investors and AI sovereignty in Europe.
"Bloomberg Tech: Europe" spotlights the biggest names and trends shaping the region's technology ecosystem as the global competition heats up. This monthly, 30-minute magazine-style show features in-depth interviews with top technology leaders, as well as major investors and policymakers - giving you a compelling A to Z of the most consequential innovations, opportunities and challenges.
Today's guests includes Richard Windsor, Radio Free Mobile Founder and Owner, Roxanne Varza, Station F Director, Dan Akarca, Callosum Co-Founder. (Source: Bloomberg)
