Tech Selloff Deepens as AI & Bitcoin Slide

The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Wolfe Research Managing Director, Internet Equity Research Shweta Khajuria, Illumina CEO Jacob Thaysen, FuelCell Energy President & CEO Jason Few, Burger King US & Canada President Tom Curtis, Big3 CEO & Co-Founder Ice Cube, Citi Head of US Equity Strategy Scott Chronert, Man Group Chief Market Strategist Kristina Hooper, BTIG Chief Market Technician Jonathan Krinsky, New Balance President & CEO Joe Preston, PacSun CEO Briane Olson, & Muhammad Ali’s Wife Lonnie Ali & Authentic President of Entertainment Marc Rosen.

Chapters:

00:00:00 Bloomberg The Close

00:02:50 Amazon Earnings, AWS Growth & AI Spending

00:08:06 Amazon Retail, AI Capex & the Tech Outlook

00:11:00 Illumina CEO on Earnings, Genomics & Cancer Care

00:16:17 FuelCell Energy CEO on AI Data Center Power

00:22:42 Starbucks, Burger King & Restaurant Turnarounds

00:28:56 Burger King on Value, Menu Strategy & Store Remodels

00:33:01 Ice Cube on BIG3 Basketball & Growth

00:37:30 Citi on the AI Selloff, Capex & Investor Confidence

00:43:28 The Closing Bell

00:48:29 Intel, Reddit & Crypto Stocks Plunge

00:53:56 Tech Selloff, Defensive Stocks & What Comes Next

00:58:04 Man Group on AI Spending, Debt & Market Rotation

01:03:43 Midterms, Markets & the Economic Outlook

01:04:22 BTIG on Technical Levels & Market Selloff Risks

01:09:01 New Balance CEO on the NYC Marathon & Growth

01:14:13 New Balance on Athletes, Lifestyle & the Iconic 990

01:16:10 PacSun CEO on Gen Z, Gen Alpha & Retail Growth

01:22:26 Muhammad Ali’s Legacy & New Prime Video Series

01:27:58 Muhammad Ali, Social Justice & a New Generation

01:28:54 What to Watch

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