Bloomberg BusinessWeek

First the AI whiz kids were humbled. Then came the macro shocks. Credit scares followed.

Atlassian Corp.’s shares slid about 20% after the Australian software company’s quarterly revenue outlook failed to excite investors concerned about tech valuations globally.

T-Mobile US Inc. customers are being given the chance to add free phone plan benefits like Apple TV streaming subscriptions and Xbox Game Pass access, instead of more traditional benefits like international roaming.

Lone Pine Capital, Tiger Global Management and Whale Rock Capital Management were among stock-picking hedge funds that were pummeled last month as concerns over AI investments roiled markets.

Liz Ann Sonders, chief investment strategist at Charles Schwab, says investors are reassessing the financial burden on hyperscalers, including their use of credit and equity financing, and whether returns on investment justify the cost of capital. She speaks on "Bloomberg The Close." (Source: Bloomberg)

Blue Owl is telling investors that it expects to earn more on its digital infrastructure deals as capital becomes scarcer while warning that a Democratic sweep in the US midterm elections could make it harder to add computing capacity.

MetLife President and CEO Michel Khalaf discusses the company's third-quarter earnings and outlook. Speaking on "Bloomberg The Close," Khalaf says MetLife has limited exposure to AI investments. (Source: Bloomberg)

Digital security provider JFrog Ltd. soared after predicting its fastest revenue growth in four years as artificial intelligence gives hackers more sophisticated ways to test companies’ security, driving demand for the digital defenses it offers.

Tony Wang, science and technology equity strategy portfolio manager at T. Rowe Price, says the AI boom is not necessarily over, but markets are reassessing its pace, feasibility and long-term returns. Speaking on "Bloomberg The Close," Wang attributes the selloff to crowded positioning, leverage and momentum-driven trading. (Source: Bloomberg)

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kailey Leinz, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Citi Head of US Equity Strategy Scott Chronert says the sudden drop in oil prices on Wednesday surprised him. Brent fell almost 9% then rebounded on Thursday. He says that took some pressure off of the inflation backdrop. (Source: Bloomberg)

Cloudflare Inc. lifted its profit forecast for a third time this year as rapid adoption of artificial intelligence continues to boost demand for networking services.

IonQ Inc. now expects revenue to almost quadruple this year as both governments and private companies pour billions in quantum computing capabilities.

Airbnb Inc. Chief Executive Officer Brian Chesky said his company is back in “growth mode” after it posted the fastest revenue gain in three years and boosted full-year guidance for a third time.

Expedia CEO Ariane Gorin discusses the company’s third-quarter performance and forecast. Speaking on "Bloomberg The Close," Gorin says travel demand remains resilient, particularly among affluent consumers, but the company is seeing some moderation ahead of the fourth quarter. (Source: Bloomberg)

CesiumAstro raised $730 million in its latest funding round, a cash infusion the Austin-based satellite manufacturer will use to build a satellite communications network for businesses and governments.

James Gates says he started to suspect his wife was trying to poison him after he found a handwritten note with a list of substances and dosage plans, some of which were labeled “lethal.”

Hedge funds have been heavy sellers over the last few weeks of debt related to the artificial intelligence buildout, according to Andrzej Skiba, head of BlueBay US fixed income at RBC Global Asset Management.

Top AI companies that had cozied up to President Donald Trump over the past two years are now bracing for the fallout from Democrats’ resounding victories in the US midterm elections.

The blue wave is poised to add new momentum for regulating AI and restricting data centers.