Peter Tchir, head of macro strategy at Academy Securities, explains the market factors he sees deepening the selloff on the AI trade as he expects the US economy to slow without increased compute spend. (Source: Bloomberg)
Anthropic PBC is tapping the fintech Plaid and its vast network of consumer finance information to bring more tailored financial guidance to users of its Claude artificial intelligence model.
The backlash against data centers evident in this week’s US midterm elections raises new risks for a key source of economic growth. But restrictions on development could ultimately reduce the odds of a downturn by keeping the AI investment boom in check.
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." The tech rout accelerates as the midterm fallout slams chipmakers and Nvidia tumbles. Plus, Forrester founder, chairman and CEO George Colony on AI’s next phase, why custom chips could challenge Nvidia, and why the biggest value may be shifting to software. (Source: Bloomberg)
Apple is finally bringing some of Siri's most ambitious AI capabilities to the iPhone. In this episode of Power On, Bloomberg's Mark Gurman and Vlad Savov break down the major changes coming with iOS 27.3, including Siri's new ability to control apps, carry out complex tasks and coordinate actions across multiple applications. They discuss how these improvements compare with AI agents from OpenAI and Meta, and why Apple still has a long way to go. Plus, Mark and Vlad analyze John Ternus's first earnings call as Apple's CEO, the company's strong iPhone sales, concerns about slowing growth and profit margins, and why more price increases could be coming. They also examine Apple's AI rollout in China and the privacy implications of new always-listening Apple Watch features.
Have a question for Mark? Email us at poweron@bloomberg.net or join the Power On Discord
Subscribe to the Power On Newsletter at https://www.bloomberg.com/poweron (Source: Bloomberg)
George Colony, Forrester Research Founder, Chairman & CEO says the AI boom may be entering a new phase. Custom chips could challenge Nvidia's dominance, while value shifts toward software. But the transition won't be smooth: companies must adapt to AI computing, or risk being left behind. (Source: Bloomberg)
As the cost of capital rises, David N. Miller says private markets still see opportunity, from flexible financing for hard-to-refinance assets to infrastructure beyond the AI boom. He discusses AI's long-term potential, concentration risks, and why selectivity matters for investors. (Source: Bloomberg)
Rio Tinto is committing $144 million to advance the Resolution Copper project in Arizona, funding additional drilling, engineering and infrastructure work. The company says long-term copper demand is being driven not just by AI and data centers, but also electrification and everyday appliances, as the project moves toward key permits and a future investment decision.Vicky Peacey, president of Resolution Copper joins Bloomberg Open Interest to talk about the deal and what's ahead. (Source: Bloomberg)
Elon Musk’s SpaceX has already transformed the internet-from-space business. Now, he’s taking on another entrenched industry with plans for a terrestrial wireless network to rival Verizon Communications Inc., T-Mobile US Inc. and AT&T Inc.
Oracle Corp.’s planned New Mexico $165 billion data center complex faces another potential delay after its power developer agreed to give state regulators more time to review a vital air permit.
The Democratic sweep of Congress and a handful of governor races sent stock prices spiraling for so-called neoclouds.
With contests swinging toward candidates promising tougher restrictions on building data centers and other infrastructure, investors and management teams are re-assessing the risk of increased cost and delayed timelines.
Brad Warden, Senior Portfolio Manager of Science and Tech Funds at Nomura, discusses AI cycle rotations and where the AI buildout could diverge post-Midterms. (Source: Bloomberg)
On this episode of Stock Movers:
- Zillow (Z) is moving after it posted weaker-than-expected results and signaled that adjusted earnings in the next quarter could be the weakest in three years.
- Expedia (EXPE) shares are dropping even after the online travel agency raised its outlook for the full year. Still, the midpoint of its fourth-quarter gross bookings forecast trailed the average analyst estimate.
- Dutch Bros (BROS) shares sinking after the coffee chain cut its adjusted Ebitda forecast for the full year. The reduced guidance missed the average analyst estimate. (Source: Bloomberg)
Bernstein Private Wealth Management CIO Alex Chaloff says the selloff in AI stocks is creating buying opportunities in the market. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Sony Group Corp. introduced an inexpensive pair of wired headphones, joining a growing trend in what it called “a nod to both the ’80s Walkman era and today’s retro tech revival.”
Sarah Hunt, Alpine Saxon Woods chief market strategist, reacts to the chipmaker selloff which pulled down the Nasdaq 100 by 5% in early trading on Thursday. Some investors are worried a Democratic sweep of Congress could mean tighter regulation. She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Microsoft Corp. helped create the “neocloud” boom, signing tens of billions of dollars in contracts with upstart data center operators in an effort to sate the crushing appetite for its cloud and AI services.
Drone delivery startup Zipline closed a $1 billion funding round, valuing the company at $20 billion, as it expands its commercial partnership with Walmart in the US. Zipline CEO Keller Rinaudo speaks with Bloomberg’s Ed Ludlow about what it took to grow the company to this point, how demand has shocked both Zipline and Walmart, and what comes next for the startup. (Source: Bloomberg)
Microsoft Corp., one of Nscale’s primary customers, opted not to extend a contract at a Texas data center with the startup ahead of its planned public offering, according to a person familiar with the matter.
