After a bruising week for artificial intelligence stocks, CoreWeave Inc. faces a high bar to convince Wall Street that the AI trade is alive and well when it reports earnings after the bell.
The AI company is expected to set its valuation range this week, the Wall Street Journal reported.
While traveling through the airport, TSA may ask you to power up your phone. Border agents can conduct a more thorough search as well.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Vonnie Quinn, Scarlet Fu, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Anthropic PBC has unveiled new versions of its powerful Mythos and Fable artificial intelligence models, an effort to bolster the company’s position as a leader in AI development on the eve of its long-awaited Wall Street debut.
Shares of Nvidia slumped after Chief Executive Officer Jensen Huang admitted to having an extramarital affair with Alice Huang, a woman identified as a suspected Chinese spy. Wall Street experts react on Bloomberg Television. (Source: Bloomberg)
Anthropic makes a massive spending commitment and what Wall Street doesn't like about Apple's outlook. This is Ed Ludlow and "The Rundown" from Bloomberg Tech. (Source: Bloomberg)
The Ark Invest CEO said there was a "wall of worry" gripping markets right now.
OpenAI is now valued at $1.25 trillion in a new round of funding that has raised another $11 billion, according to Bloomberg. That would make it one of the world's most valuable companies, not long after raising $122 billion from investors in March at a valuation of $852 billion. Echoing FT and Wall Street Journal […]
Wall Street’s AI rout sent US and then Asian markets tumbling, raising fresh questions about the sustainability of the global AI boom and where the next opportunities lie. (Source: Bloomberg)
Anthropic could list below a $1.5 trillion valuation, trailing previous expectations, as the AI trade sours on Wall Street.
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." A blowout jobs report fuels expectations for another Fed rate hike, even as Wall Street reels from a nearly $4 trillion tech selloff and mounting questions about the AI trade. Plus, Anthropic's IPO prospects and valuation reset, BlackRock CIO Rick Rieder explains the AI unwind and emerging credit opportunities, Kevin Hassett, director of the White House National Economic Council, discusses inflation and Fed policy, and Greg Ebel, CEO of Enbridge Energy, weighs in on the growing energy demands of AI infrastructure. (Source: Bloomberg)
One of the few Wall Street strategists to turn cautious on stocks ahead of Thursday’s selloff warned that a potential Anthropic PBC debut may prove a more decisive event than the US midterms.
The Greenlight Family Hub displays your family calendars, manages your kid’s chores, and doubles as a photo frame. It’s also already discounted ahead of Black Friday.
Wall Street’s biggest trading desks spent weeks arguing that the stock-market rally would resume once the election was over. On Thursday, that call backfired spectacularly.Max Kettner, HSBC’s Chief Multi-Asset Strategist, argues that the sharp selloff in AI and US equities does not yet point to a fundamental break in the trade. He explains why positioning and forced selling may be driving the volatility, and how he is thinking about AI valuations — including why he’d be comfortable with an Anthropic IPO valuation below $1 trillion. (Source: Bloomberg)
Asian technology stocks tumbled Friday, tracking a sharp sell-off on Wall Street overnight that sent the tech-heavy Nasdaq Composite into correction territory.
Asian stocks slumped after a post-election rout in chipmakers deepened on Wall Street amid growing concern that Democrats will seek tighter regulation of the artificial intelligence industry. Bloomberg's Paul Dobson has the context. (Source: Bloomberg)
"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: Vanguard Senior Fixed Income Client Portfolio Manager Rebecca Venter, TCW Generalist Portfolio Manager, Fixed Income Ruben Hovhannisyan, Solus Asset Management Chief Strategist Dan Greenhaus, MFS Investment Management Fixed Income Portfolio Manager Pilar Gomez-Bravo, RBC Global Head of Bluebay US Fixed Income Andrzej Skiba, and Academy Securities Head of Macro Strategy Peter Tchir. (Source: Bloomberg)
Peloton Interactive Inc. forecast holiday-quarter revenue that was slightly above Wall Street’s expectations, even as the fitness company projected a year-over-year sales decline and narrower profit margins.
Cramer warned that Wall Street may be getting ahead of itself following the midterm elections.
Goldman Sachs Group Inc. and Apollo Global Management Inc. are in talks with Wall Street investors to start selling portions of a roughly $40 billion chip financing deal for SpaceX, just as the AI boom braces for upheaval following a sweeping Democratic victory.
While stocks rallied as the Democratic sweep of Congress promises to exert a significant restraint on President Donald Trump, one key corner of the market was left out.
The chip maker’s shares soared.
In John Ternus' first earnings report as CEO, Apple issued a gross margin forecast that disappointed Wall Street.
Some of the world’s biggest asset managers are sounding the alarm about risks to the artificial intelligence boom, even as Wall Street’s top CEOs talk up the potential windfall from the market.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Apple has delivered a forecast for the holiday period that topped Wall Street estimates, even as it failed to impress investors who have bid up the shares in recent months. For more on a mixed first report card under new CEO John Ternus, Bloomberg's Ed Ludlow dissects the numbers. (Source: Bloomberg)
Match Group Inc. disappointed investors after posting weaker-than-expected quarterly revenue and forecasting adjusted earnings that missed Wall Street estimates, suggesting it still has work to do in pulling off a long-promised turnaround.
Palantir Technologies Inc. gave a forecast for full-year revenue that beat Wall Street’s expectations, buoyed by surging demand for the company’s data analytics tools.
Meta Platforms Inc. is readying a cross-border investment-grade bond offering, testing investor appetite for debt amid growing skepticism about the pace of spending by the companies spearheading the artificial intelligence infrastructure buildout.
In a survey, ‘just to be clear’ came out as the most loathed phrase. But I think I can do better A new contender for the most passive-aggressive email phrase has emerged. “Just to be clear” was chosen by 52% of desk jockeys in a survey by email verification company ZeroBounce, closely followed by the perennial pass-ag fave, “per my last email” (40%), which tied with the identical-in-intent “as previously discussed”. Further down the list came “for future reference” and “kindly note”. If you ask me, these all verge on actual aggressive. Imagine saying “just to be clear” out loud to another person: that’s a conversational poke in the ribs, isn’t it? It’s the kind of thing you unleash 10 minutes into an ill-tempered wrangle with your home insurance company about inflated renewal premiums. “Kindly note” is even worse – it’s a phrase from an angry message on the office kitchen wall about microwave abuse. Continue reading...
Like a real-life episode of "Suits," the demise of famed white-shoe Wall Street law firm Weil, Gotshal & Manges has been the talk of the legal industry. And now an AI firm has entered the picture.
Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy might be overblown. Eric Weiner has more. (Source: Bloomberg)
Intel has been a Wall Street darling this year due to its emergence as a player in AI, but the company is being weighed down by a struggling PC market.
Disappointing results from one company don't necessarily signal trouble for an entire industry.
Amazon's negative free cash flow ballooned during the third quarter, while its earnings and revenue fell short of Wall Street's expectations.
E-commerce company posts high cloud computing sales but gives a cautious sales forecast for the fourth quarter Amazon offered a mixed picture of its financial health on Thursday in its quarterly earnings report. The e-commerce company gave a cautious sales forecast for the current fourth quarter, which encompasses the critical holiday shopping period, after delivering fiscal third-quarter results that came in below Wall Street analysts’ expectations. Continue reading...
Wall Street hammered Alphabet for an earnings miss that included weaker-than-expected revenue out of the company's core business.
Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn Shares in the Google parent Alphabet fell double digits Wednesday evening into Thursday trading, erasing hundreds of billions of dollars in stock market value from the $4tn tech giant. The company had reported lower-than-expected profit and a slowdown in its advertising business while it maintained big spending on AI. Continue reading...
Bridgewater Associates CEO Nir Bar Dea sits down with David Rubenstein for a wide-ranging conversation about the US economy, rising national debt, the dollar and explains how he sees AI reshaping the future of investing. He also reflects on his unconventional path to Wall Street; from struggling in school and spending six years in the IDF to becoming Bridgewater's oldest intern and eventually its CEO. He's on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded September 25 in New York. (Source: Bloomberg)
The operator of one of Mongolia’s largest copper mines says its exports of copper concentrate to China have dropped by about 70% in the past two weeks due to restrictions at a border crossing
Alphabet Inc., Google's parent company, reported strong revenue growth in its third quarter, but it fell short of Wall Street expectations
Plus, Brazil canceled Flávio Bolsonaro’s passport, and a $300 billion “debt wall” is looming over private-equity backed companies.
The Wall Street giant is committing $500 million to expand its 10,000 Small Businesses program and launch an AI institute, partnering with Google, Meta, OpenAI and Anthropic to bring AI know-how to Main Street. NBC's Christine Romans spoke exclusively with Goldman Sachs CEO David Solomon and with small businesses figuring out how to make AI work for them.
AI is increasingly getting good at doing some tasks, but it can never replace human workers’ judgment Autonomous cars, which may be the safest we have built, keep getting easily avoidable parking tickets. While Waymos crash far less often than human drivers over tens of millions of miles, they’re still terrible at performing basic tasks – keeping out of disabled parking spots and tow-away zones, or steering clear of a church garage during Sunday service, according to the Wall Street Journal . That is the state of AI today: impressively capable at something complex, yet embarrassingly clumsy at something easy. And it has implications for what work will remain human and what will be automated by AI. Madhu Shashanka is co-founder, chief scientist and chief technology officer at Concentric AI, a data security software company Continue reading...
Wall Street is pulling back from chipmakers and other tech companies amid concerns about the debt incurred to build out AI.
