Wall Street Punishes Tech Stocks on Earnings Misses
Watch this video on YouTube ↗Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 falling 3.5% and briefly crossing the threshold of a technical correction. Bloomberg News US Semiconductor Reporter Ian King, Bloomberg News Technology Reporter Matt Day and Bloomberg Intelligence Senior Technology Analyst Anurag Rana join to recap Intel and Amazon earnings. Plus, Jeff Sprecher, Intercontinental Exchange CEO joins to discuss the company's deal with Hyperliquid to bring perpetual futures products into US markets. Then, Bloomberg News Senior Equities Editor Eric Weiner helps dissect today's major selloff. Finally, Brooks Running CEO Dan Sheridan joins ahead of the New York City Marathon to discuss the shoe company's market share and customer demand.
Chapters:
00:00:00 Bloomberg Businessweek Daily
00:02:05 Markets: Intel, Chips & AI Trade
00:04:25 Intel's Historic Stock Rout
00:07:23 AI Spending & Chip Stock Valuations
00:11:20 Amazon, AI Spending & $80 Billion Financing
00:14:01 AWS Growth & the AI Infrastructure Boom
00:15:01 Amazon E-Commerce & Consumer Spending
00:17:14 Amazon's AI Chips & Nvidia Competition
00:19:02 Tech Selloff Intensifies
00:21:11 ICE CEO on Markets & the AI Trade
00:23:23 Perpetual Futures & Crypto Trading
00:27:29 Prediction Markets & Retail Investors
00:30:19 The Push Toward 24/7 Trading
00:34:26 Is the AI Trade Unwinding?
00:36:13 Investors Rotate Into Defensive Stocks
00:39:40 New York City Marathon & the Running Boom
00:40:26 Brooks Running's Growth & Consumer Demand
00:42:49 Running Clubs & Global Growth
00:44:46 Markets: Nasdaq Nears a Correction
00:47:17 Investors Demand Returns From AI Spending
00:49:06 Stock Movers: Intel, Amazon & Reddit
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Chapters:
00:00:00 Bloomberg Businessweek Daily
00:02:05 Markets: Intel, Chips & AI Trade
00:04:25 Intel's Historic Stock Rout
00:07:23 AI Spending & Chip Stock Valuations
00:11:20 Amazon, AI Spending & $80 Billion Financing
00:14:01 AWS Growth & the AI Infrastructure Boom
00:15:01 Amazon E-Commerce & Consumer Spending
00:17:14 Amazon's AI Chips & Nvidia Competition
00:19:02 Tech Selloff Intensifies
00:21:11 ICE CEO on Markets & the AI Trade
00:23:23 Perpetual Futures & Crypto Trading
00:27:29 Prediction Markets & Retail Investors
00:30:19 The Push Toward 24/7 Trading
00:34:26 Is the AI Trade Unwinding?
00:36:13 Investors Rotate Into Defensive Stocks
00:39:40 New York City Marathon & the Running Boom
00:40:26 Brooks Running's Growth & Consumer Demand
00:42:49 Running Clubs & Global Growth
00:44:46 Markets: Nasdaq Nears a Correction
00:47:17 Investors Demand Returns From AI Spending
00:49:06 Stock Movers: Intel, Amazon & Reddit
--------
More on Bloomberg Television and Markets
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More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
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Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
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Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
