Bloomberg Intelligence
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- 13. Nov. 2026
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Listen for investment news and in-depth company research.
Hosts Paul Sweeney and Scarlet Fu harness the power of Bloomberg Intelligence to analyze investments on Wall Street. Watch Bloomberg Intelligence LIVE on YouTube, weekdays from 10AM to 12PM ET: http://bit.ly/3vTiACF.
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Anthropic’s IPO Is Said to Be About Six Times Oversubscribed
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Natalia Kniazhevich-Anthony Hughes, Bloomberg US Equity Capital Markets Reporter …
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Bloomberg Intelligence hosted by Paul Sweeney and Natalia Kniazhevich
-Anthony Hughes, Bloomberg US Equity Capital Markets Reporter, discusses Anthropic’s IPO. Anthropic PBC’s initial public offering has drawn about six times the orders for the shares available, according to people familiar with the matter, as interest increases for potentially the biggest first-time share sale ever. Anthropic is looking to bolster demand for the IPO with a campaign of events for prospective investors, including a live-streamed event with its Chief Executive Officer Dario Amodei and JPMorgan Chase & Co. CEO Jamie Dimon on Friday, a person familiar with the matter has said.
-Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, discusses Nvidia policy and litigation risks after CEO Jensen Huang’s resignation. According to Bloomberg Intelligence: Nvidia's turmoil around former CEO Jensen Huang will draw more scrutiny from Congress, regulators and shareholders. Lawmakers may use the episode to lock in or tighten China chip controls in an upcoming defense bill, while any evidence that Nvidia knowingly aided diversion of chips could expose it to billions in penalties.
-Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, recaps earnings from Cisco Systems. Cisco Systems Inc. gave a sales forecast for the current quarter that exceeded Wall Street estimates and raised its annual outlook, a sign the AI boom continues to fuel demand for its networking equipment. The company raised its fiscal year revenue guidance to $74.8 billion to $75.8 billion, and expects $9 billion in AI-related revenue from hyperscalers in the fiscal year, more than double the previous year.
-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses SpaceX and Tesla progressing in their merger negotiations, which could result in the biggest-ever deal. The companies' boards and advisers are hammering out the terms of the tie-up and governance structure of the combined entity, among other matters. The merger would create a conglomerate housing electric vehicles, energy storage batteries, rockets and satellites, with the rationale of leveraging artificial intelligence across space, driverless cars and humanoid robots.See omnystudio.com/listener for privacy information.
Nvidia’s Huang Ousted by Board in Move That Roils AI Economy
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Ed Ludlow, Bloomberg Tech Anchor, discusses news that Nvidia Chief Executive …
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
-Ed Ludlow, Bloomberg Tech Anchor, discusses news that Nvidia Chief Executive Officer Jensen Huang was ousted from his post after reports of two affairs, including one with a woman suspected of spying for China. Longtime Chief Financial Officer Colette Kress is taking the job of interim CEO, and the board appointed director Harvey Jones as chair.
-Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst, gives reaction to Nvidia news. According to Bloomberg Intelligence: Nvidia's ouster of President and CEO Jensen Huang is unlikely to alter fiscal 2027-28 estimates, but raises longer-term risks around succession, future deal velocity and China scrutiny as investors reassess the broader "Jensen premium." Huang's role spanned product strategy, sovereign and AI-lab relationships, financing and neocloud capacity, putting greater focus on succession planning, board oversight and strategic continuity.
-Leland Miller, CEO of China Beige Book, gives reaction to Nvidia news and discusses China impact. Leland says the DoC is now scrambling to draft a baby reg to expand licensing policies on remote access to Nvidia chips to 7 countries (Singapore, Malaysia, Thailand, Indonesia, Brazil, S.Africa and bafflingly, Norway). But under this: China could still get access to Nvidia chips from everywhere else.
-Robert Schiffman, Senior Tech Credit Analyst for Bloomberg Intelligence, gives reaction to the Nvidia news from a credit perspective. According to Bloomberg Intelligence: A potential change in Nvidia leadership poses little threat to its AA credit profile, though the board's search for possible successors to Jensen Huang could prolong volatility across AI-linked debt and equity markets. A CEO change should do little to disrupt aggregate hyperscaler capex or AI funding through unsecured debt, LLM IPOs, private capital and project finance, though volatility could delay issuance or lift financing costs.See omnystudio.com/listener for privacy information.
CoreWeave Shares Soar After AI Computing Firm Eases Debt Fears
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Avalon Pernell - Vasu Kasibhotla, Bloomberg Intelligence Senior Industry Analyst, recaps …
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Bloomberg Intelligence hosted by Paul Sweeney and Avalon Pernell- Vasu Kasibhotla, Bloomberg Intelligence Senior Industry Analyst, recaps CoreWeave earnings. CoreWeave Inc. shares jumped after the company eased fears about its debt-laden business and signaled strong sales growth despite headwinds facing the data center boom. The company projected revenue of $13 billion to $13.3 billion this year and expects to take out another loan soon that will carry an investment-grade rating.
-Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion Contributor, discusses Nvidia's investigation of Chief Executive Officer Jensen Huang's affair with an alleged Chinese spy.
-Anthony Hughes, Bloomberg US Equity Capital Markets Reporter, discusses Anthropic's upcoming IPO. Anthropic PBC’s initial public offering has drawn multiple times the orders for the shares available, according to people familiar with the matter. The company and its co-founders are seeking to raise as much as $90.4 billion in the IPO and a private placement, its filings show. The company is targeting a fully diluted valuation of about $1.4 trillion, and reported a revenue run rate of $81 billion as of Oct. 31.
-Michael Dean, Bloomberg Intelligence Head of Global Autos, discusses Volkswagen scrapping a major advanced-manufacturing project at its headquarters due to strained finances. The company will continue work on its next-generation electric platform and models, including the ID. Roc, a planned electric SUV. Volkswagen's works council chief accused the company of a 'flagrant breach' of a December 2024 agreement and labor will resist moving production of the combustion-engine Golf from Wolfsburg to Mexico.See omnystudio.com/listener for privacy information.
Anthropic Targets $1.4 Trillion Valuation in Blockbuster IPO
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu**Broadcasted LIVE from BAM Mutual in NYC**- Bailey Lipschultz, Bloomberg News …
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
**Broadcasted LIVE from BAM Mutual in NYC**
- Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses Anthropic seeking a valuation of about $1.4 trillion in its initial public offering, in a bid to make history as the first frontier artificial intelligence lab to go public. The company and its co-founders are seeking to raise as much as $90.4 billion in the IPO and a private placement, with the base offering set to raise up to $64.4 billion.
- Michael Shepard, Bloomberg News Senior Technology Editor, discusses President Donald Trump saying the FBI is looking into Nvidia Corp CEO Jensen Huang's extramarital relationship with a suspected Chinese spy. Trump spoke to Huang and praised him as a "very honorable man," saying he believes Huang didn't know the woman was a spy. The revelations have sent Nvidia's shares plunging and threaten to reverberate across the artificial intelligence industry, with the company's board conducting an investigation into whether Huang was the target of a foreign intelligence effort.
- Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, recaps Skydance earnings. Skydance Corp. will release a streaming bundle that includes both the Paramount+ and HBO Max services early next year, offering "even greater value" for consumers. The company reported a 5% increase in revenue overall, with gains in the streaming and studio divisions offsetting a decline at the TV networks, and posted adjusted earnings before interest, taxes, depreciation and amortization of $1 billion.
- Nathan Naidu, Bloomberg Intelligence Technology Research Analyst, discusses earnings from Take-Two Interactive. According to Bloomberg Intelligence: Post-2Q Earnings Outlook: Take-Two's unchanged fiscal 2027 bookings guidance looks increasingly conservative, thanks to GTA VI demand, presaging added upside if launch momentum holds. Management's decision to retain guidance, days before release, reflects timing, rather than weaker demand. Cannibalization is the key risk: NBA 2K27's softer-than-expected sales show consumers are already deferring spending ahead of GTA VI. Still, the 3Q target calls for 12% recurrent consumer-spending gains, reversing declines in the prior two quarters, as GTA VI Ultimate Edition's add-on content lifts recurring-spending mix.See omnystudio.com/listener for privacy information.
Nvidia Probe Into CEO Affair Raises Thorny Questions for AI
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu- Matthew Bloxham, Bloomberg Intelligence Senior Media and Tech Analyst …
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
- Matthew Bloxham, Bloomberg Intelligence Senior Media and Tech Analyst, discusses Nvidia Corp.'s investigation into Chief Executive Officer Jensen Huang's affair with an alleged Chinese spy. The company's board is assembling a committee of independent directors to investigate the matter, with outside counsel, after Huang disclosed the romantic relationship in a memo to employees. The incident threatens to further roil the AI market, with Nvidia being a key source of financing for AI infrastructure and Huang being a leading voice in the industry, and has led to a slide in Nvidia's shares.
-Michael Monaghan, Portfolio Manager and Principal of the Founders 100, gives reaction to Nvidia news.
Following news that NVIDIA is launching an investigation into CEO Jensen Huang over his relationship with a woman who intelligence agencies said is a Chinese Spy, Michael Monahgan says he fully supports Jensen staying as CEO. Founder-led companies outperform because one person carries the vision. The same concentration is the risk, and the market is pricing it this week. With Q3 earnings slated to be released on November 17th and a closed-door congressional briefing scheduled for November 18th, Michael expects the business to remain on track.
-Matthew Palazola, Bloomberg Intelligence, Senior Analyst, P&C Insurance, discusses earnings from Berkshire Hathaway. According to Bloomberg Intelligence: Berkshire Hathaway's stock can still behave like an anti-AI trade even while the conglomerate is investing in AI capabilities and owns a major Alphabet position. The company continues to deploy capital, though stock buybacks are likely to decline this quarter after a record $9.6 billion in 3Q.
-Jean-Yves Coupin, Bloomberg Intelligence Senior Credit Analyst, discusses the latest at CVS. According to Bloomberg Intelligence: CVS Health's planned split may prove manageable for creditors, as a path to low-3x leverage remains, providing some cushion against uncertainty about the future capital structure. The decision to separate into two entities follows a 2024 review, though regulatory and political headwinds remain a threat to the credit profile.See omnystudio.com/listener for privacy information.
Election 'Blue Wave' & Your Wallet; Navigating AI-Driven Market Volatility
Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today's guests: Citi Wealth Chief Investment Officer Kate Moore and TIAA Financial Literacy Co-Author & …
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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom.
Today's guests: Citi Wealth Chief Investment Officer Kate Moore and TIAA Financial Literacy Co-Author & Stanford Institute For Economic Policy & Research Annamaria Lusardi.See omnystudio.com/listener for privacy information.
Anthropic IPO Buyers See Valuation as Low as $1.1 Trillion
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -Anthony Hughes, Bloomberg US Equity Capital Markets Reporter, discusses …
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
-Anthony Hughes, Bloomberg US Equity Capital Markets Reporter, discusses Anthropic’s upcoming IPO. Anthropic PBC's initial public offering plans have run into a punishing post-election selloff, prompting a rethink among prospective investors of the company's expected valuation. Potential buyers are discussing a valuation range for the company of $1.2 trillion to $1.3 trillion, with some weighing a value as low as $1.1 trillion. Deliberations are ongoing and no final decisions have been made, with investors considering bids and the company potentially starting formal marketing with a conservative size and valuation target.
-Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, discusses data centers. Around half of planned expansion nationwide is vulnerable to increased scrutiny and pushback from Democrats who clinched historic victories in states like Texas, Georgia and Ohio. Restrictions on development could ultimately reduce the odds of a downturn by keeping the AI investment boom in check, according to economists like Brett Ryan at Deutsche Bank Securities.
-Dan Ives, Partner and Senior Managing Director, Analyst at Yorkville Ives & Co, discusses the recent tech selloff. US stocks advanced Friday as dip buyers stepped in to support the battered artificial intelligence trade, though the severity of this week’s rout has left investors questioning whether the worst is over.
--Abigail Gilmartin, Bloomberg Intelligence US Retail Analyst Covering Footwear & Athleisure, discusses earnings from Under Armour. Under Armour Inc.’s shares declined after a reduction in its profitability guidance cast more doubt on the sports brand’s turnaround prospects. The company said gross margin would increase about 220 basis points this fiscal year, which runs through March. That’s a reduction of 50 basis points from August, with the company citing higher costs for freight and fuel and the impact of inventory management.
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Tech Stocks Plunge as Traders Dump Everything With AI Exposure
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Matthew Bloxham, Bloomberg Intelligence Senior Media and Tech Analyst …
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
-Matthew Bloxham, Bloomberg Intelligence Senior Media and Tech Analyst, discusses technology stocks plummeting as traders assess the implication of a Democratic sweep in the US midterm elections on cloud data centers. Matthew also discusses Qualcomm earnings. Qualcomm Inc. shares tumbled after the company gave a lackluster profit forecast, citing a “broad-based increase” in costs for components and manufacturing.
-Justin Teresi, Bloomberg Intelligence Antitrust Litigation & Policy Analyst, discusses data centers. According to Bloomberg Intelligence: Hyperscalers like Microsoft, Meta, CoreWeave, Oracle and OpenAI who use data centers in Texas, or have plans to utilize them there, face increased policy risks tied to the facilities with Gina Hinojosa winning the Lone Star State's gubernatorial race.
-Nathan Dean, Senior Policy Analyst for Bloomberg Intelligence, discusses President Donald Trump’s corporate influence after the midterm elections. According to Bloomberg Intelligence: With Democrats winning control of Congress, policy risk for US companies may increase as incentives grow for President Donald Trump to rely on public pressure, executive power and federal leverage to advance White House goals. From taking a 10% government stake in Intel to pressing Bank of America and Citigroup on credit-card interest rates and urging Walmart to absorb tariff costs, Trump has consistently been willing to influence companies' conduct even when legislation is unlikely.
- Ryan Gallagher, Bloomberg Investigative Reporter, discusses the Bloomberg Big Take story: “Ads in Popular Apps Give Police a Powerful Tool to Spy on Users.” Penlink’s Webloc is sold to police in the US, UK and worldwide. It uses technology found in weather, gaming, email and religious apps to locate people using their cellphones. Webloc can track hundreds of millions of mobile phones across the world. For law enforcement, that’s a powerful capability — made more so by the fact that in the US it can be used without the need for any kind of search warrant or judicial authorization.See omnystudio.com/listener for privacy information.
CVS Plans to Break Up $117 Billion Healthcare Conglomerate
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-John Tozzi, Bloomberg Health care Reporter, discusses CVS Health planning to …
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
-John Tozzi, Bloomberg Health care Reporter, discusses CVS Health planning to spin off its retail pharmacy business into a new company called CVS Pharmacy in the first half of 2028. The move will separate the drugstore business from the Aetna insurance unit and Caremark prescription benefits division, with both companies to be publicly traded. CVS shares plunged as much as 14% in New York on Wednesday after the announcement, which marks a shift away from the long-term trend of consolidation among major healthcare companies.
- Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses top tech stories. Mandeep discusses the impact of mid-term elections on the tech sector. Separately, he talks about earnings from Uber and AMD. Uber Technologies Inc. shares rose after the company posted quarterly earnings and gross bookings that met expectations. Total gross bookings for the third quarter were $59.8 billion, and adjusted earnings per share were 88 cents, which was about what Wall Street was expecting. Advanced Micro Devices Inc. gave a revenue forecast that exceeded analysts’ estimates, showing that demand for data center processors remains strong. The company’s fourth-quarter revenue will be $17 billion, plus or minus 3%, which easily topped the average analyst estimate of $16.3 billion.See omnystudio.com/listener for privacy information.
Instant Reaction: Democrats Sweep to Control of Congress in Rebuke of Trump
Democrats won control of both chambers of the US Congress in a midterm election landslide that amounted to a rejection of President Donald Trump following widespread voter discontent with the economy and the …
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Democrats won control of both chambers of the US Congress in a midterm election landslide that amounted to a rejection of President Donald Trump following widespread voter discontent with the economy and the war in Iran.
Across the country, Democrats scored victories in GOP strongholds, flipping at least seven Senate seats and winning House races in districts Republicans easily carried in 2024. Several news organizations projected that Democrats would win the House, while Decision Desk HQ projected they took the Senate.
For reaction and analysis, hosts David Gura and Kailey Leinz speak with Adam Hodge, Managing Director at Bully Pulpit International and Bloomberg Contributor, Patrick McHenry, Former Republican Congressman from North Carolina, former House Financial Services Committee Chairman, Bloomberg Contributor and Ron Brownstein, Bloomberg Opinion columnist covering politics and policy.See omnystudio.com/listener for privacy information.
Disney Plans Thousands of Layoffs, Targeting 20% Cost Savings
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and John Tucker- Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses …
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Bloomberg Intelligence hosted by Paul Sweeney and John Tucker
- Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses Walt Disney’s layoff plans. Walt Disney Co. is moving toward thousands of job cuts with managers asked to target 20% in annual cost savings. The savings could come from job eliminations as well as from expense reductions, and some of Disney's operations will be affected disproportionately. Chief Executive Officer Josh D'Amaro aims to reinvest a portion of the savings into film and TV programming, technology and the theme parks and cruise ship businesses.
-Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, discusses Apple earnings. Apple Inc. delivered a mixed outlook to investors in its first quarterly report under Chief Executive Officer John Ternus, with tightening profit margins overshadowing an upbeat sales forecast. The company predicted revenue growth of 7% to 10% during the holiday season, but warned that gross margins would be thinner than projected due to higher memory costs and expenses related to the new Siri AI digital assistant.-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses Yum! Brands. Taco Bell is showing signs of recovery about three months after a cyclospora outbreak hurt results, with comparable sales rising 1% so far this quarter. Visits by "heavy" Taco Bell users have fully recovered to pre-outbreak levels, while lighter users are tracking to 95% of their prior frequency. Users of Taco Bell's loyalty program returned to the chain twice as fast as nonmembers, with membership growing 25% in the third quarter compared to the prior year.
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Earnings Special: Apple's Forecast Disappoints, Despite Topping Estimates
Apple 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. Revenue will rise 7% to 10% in the fiscal …
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Apple 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. Revenue will rise 7% to 10% in the fiscal first quarter, which runs through December, Apple said during an earnings conference call Monday. Analysts had estimated 6.1% on average, according to data compiled by Bloomberg.
The shares slumped about 4% in late trading, a sign of the lofty expectations surrounding Apple. After a rally added roughly $1 trillion in market value to the company since late June, investors were betting on a blockbuster report.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with Bloomberg Intelligence senior tech analyst Anurag Rana and Bloomberg News managing editor for global consumer tech, Mark Gurman.See omnystudio.com/listener for privacy information.
Marvell to Acquire Lumentum in Historic $115 Billion Tech Deal
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Ryan Gould, Bloomberg Deals Reporter, discusses Marvell Technology agreeing …
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-Ryan Gould, Bloomberg Deals Reporter, discusses Marvell Technology agreeing to buy Lumentum at an enterprise value of $115 billion in an all-stock transaction. The merger is expected to be completed in the first half of 2028 and will give Marvell shareholders 67% of the combined business. The deal sparked concerns from investors, who sent shares of both companies sliding, due to the risks of embarking on a massive AI deal at a time when the market is jittery about the industry.
-Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, discusses Anthropic’s legal risks. According to Bloomberg Intelligence: With US law unsettled on AI oversight, Anthropic faces significant legal risk and enormous potential litigation exposure. Just as President Donald Trump's Commerce Department imposed export controls to halt the AI giant's Fable 5 and Mythos 5 models in June, Anthropic's AI models could similarly be blocked going forward under a legal framework with few clear timelines, precedents or standards.
-Jody Lurie, Bloomberg Intelligence Credit Analyst, discusses Marriott International earnings. Marriott International Inc. reported third-quarter earnings that beat expectations, as bookings surged across the company’s US hotels. The company recorded adjusted earnings per share of $3.02, according to a statement Monday. That was higher than the average analyst estimate of $2.85 in data compiled by Bloomberg.
-Roy Strom, Bloomberg Law Correspondent, discusses how a war is brewing in the corporate restructuring world as firms fight to secure talented lawyers specializing in out-of-court debt workouts. Weil Gotshal & Manges is shuttering its operations, putting its top bench of talent within rivals' reach, and intensifying the battle for specialized attorneys. Firms are positioning themselves for an expected economic downturn that will push companies to restructure outside bankruptcy court, with a strong restructuring practice seen as a way to insulate firms from loss of other types of work.See omnystudio.com/listener for privacy information.
'Ugly' Midterms, Increasing Your Nest Egg, Everywhere Millionaires
Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today's guests: Veda Partners Co-Founder & Managing Partner Henrietta Treyz, JPMorgan Asset Management …
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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom.
Today's guests: Veda Partners Co-Founder & Managing Partner Henrietta Treyz, JPMorgan Asset Management Chief Retirement Strategist Michael Conrath, and Author "The Everywhere Millionaire" Owen Zidar.
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Instant Reaction: Wall Street Gets AI Wake-Up Call with Deep Tech Selloff
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 …
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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. Intel Corp. slid the most in over four decades as its outlook missed estimates. Amazon.com Inc. slipped 1.4% on greater capital spending. The S&P 500 dropped 1.8%, breaching its key 100-day moving average.
For a quick recap of a bruising trade for big tech and equities broadly, hosts Tim Stenovec and Jess Menton speak with Bloomberg Markets Live blog managing editor Kristine Aquino.See omnystudio.com/listener for privacy information.
Intel Shares Plunge After Outlook Hit by PC Slump, Supply
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst …
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
-Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst, discusses Intel’s shares plummeting after its revenue forecast missed analysts' estimates. The company was hurt by sputtering demand for PC processors and supply-chain problems with its data center components. Intel projects sales in the fourth quarter will be $15 billion to $16 billion, with profit of 25 cents a share, excluding certain items, which is lower than analysts' average estimates.
-Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses Amazon earnings. Amazon.com Inc. shares dropped after the company reported greater capital spending than anticipated and the slowest growth in the core e-commerce business in three years. Revenue at the cloud unit, Amazon Web Services, accelerated for the sixth straight quarter, while online sales gained just 2% to $68.5 billion, the lowest increase since early 2023.
-Vincent Piazza, Bloomberg Intelligence Senior Equity Research Analyst, Oil & Gas, discusses earnings from Chevron and Exxon Mobil. ExxonMobil and Chevron beat profit expectations due to conflicts in the Persian Gulf and Russia driving refining results to record highs. The disruptions to global energy markets show little sign of easing, with price volatility forecast to escalate as strategic and commercial stockpiles run low.
-Emily Nicolle, Bloomberg Digital Finance Reporter, discusses Bitcoin sinking below $77,000 for the first time in more than a month after Binance Holdings revealed a record hack. The breach, in which attackers siphoned off over $6 billion, is the largest crypto theft on record and raises questions about the security of customer assets. Binance has reserved $6.34 billion of company funds in the wake of the incident, and an analyst said that Binance can absorb the losses.See omnystudio.com/listener for privacy information.
Earnings Special: Intel Plunges on PC Sales Slump & Amazon Slips
Intel plunged in late trading after its revenue forecast missed analysts’ estimates, hurt by sputtering demand for PC processors and supply-chain problems with its lucrative data center components. The shares …
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Intel plunged in late trading after its revenue forecast missed analysts’ estimates, hurt by sputtering demand for PC processors and supply-chain problems with its lucrative data center components. The shares plunged in extended trading as much as 17%. The stock had gained 5.6% this year through Thursday’s close.
Meanwhile, Amazon shares dropped after the company reported greater capital spending than anticipated and the slowest growth in the core e-commerce business in three years.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with Bloomberg Intelligence senior semiconductor analyst Kunjan Sobhani and Bloomberg Intelligence senior tech analyst Anurag Rana from Schwab IMPACT in Boston.
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Google Erases a Record $500 Billion as AI Eats Into Sales
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu- Matthew Bloxham, Bloomberg Intelligence Senior Media and Tech Analyst …
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- Matthew Bloxham, Bloomberg Intelligence Senior Media and Tech Analyst, discusses Alphabet earnings. Alphabet Inc.'s shares fell more than 13% after the company reported disappointing search and advertising sales. The Google parent reported sales of $111.2 billion for the third quarter, falling short of analysts' projections, with ad sales from search and other channels growing at the slowest pace in five quarters. The company's future commitments to buy resources such as computing power and energy totaled $924 billion, with upcoming obligations bringing the company's total future obligations to well over $1 trillion. Matthew also recaps earnings from Microsoft.
- Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, continues the conversation on Alphabet. He also discusses deals in tech. Marvell Technology Inc. is in advanced talks to buy Lumentum Holdings Inc., a data center optics maker, in a potential all-stock transaction. A deal between the two companies would give Marvell greater control of technology critical to powering digital infrastructure and hand it more direct access to Lumentum's technology and manufacturing capacity. Separately, DoorDash Inc. agreed to buy rival Instacart in a deal that values the company at about $17 billion.
- Christopher Ciolino, Bloomberg Intelligence Senior US Machinery Analyst, discusses Caterpillar earnings. Caterpillar Inc. shares slid after the company posted earnings and sales that only modestly beat expectations, adding to investor jitters about mounting challenges to the artificial intelligence infrastructure boom. The company reported adjusted earnings of $7.20 a share and revenue of $20.68 billion, and told investors that overall revenue growth in the fourth quarter will be “moderate” versus the year-earlier period.
-Nicole D'Souza, Bloomberg Intelligence Internet and Software Equity Analyst, discusses Bloomberg Intelligence’s latest dating survey. According to BI: Gen Z dating behavior is moving closer to millennials as more younger users actively date, views of dating apps improve and paid-app use increases, according to BI's second dating-app survey. Compared with last year's survey, the results ease some concerns about dating-app user growth given increased engagement from Gen Z, especially men.See omnystudio.com/listener for privacy information.
Earnings Special: Alphabet Disappoints Wall Street on Revenue & Income
Alphabet reported quarterly sales and profit in the third quarter that fell short of expectations, a sign that the firm is failing to generate enough return to justify its massive investments in AI. The stock …
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Alphabet reported quarterly sales and profit in the third quarter that fell short of expectations, a sign that the firm is failing to generate enough return to justify its massive investments in AI. The stock fell in late trading. Google’s parent company said sales, excluding partner payouts, were $111.2 billion for the three months that ended Sept. 30, just below the $111.3 billion that analysts had projected on average. Alphabet reported net income of $2.12 a share, falling far below Wall Street’s estimate of $2.99.
The company’s shares were down as much as 8.5% in after-hours trading.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with Bloomberg Tech host Ed Ludlow.
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Instant Reaction: Fed Stands Pat; Lisa Cook & Beth Hammack Dissent
Bloomberg's Tom Keene, Jon Ferro and Lisa Abramowicz discuss remarks from Fed Chair Kevin Warsh following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. Federal …
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Bloomberg's Tom Keene, Jon Ferro and Lisa Abramowicz discuss remarks from Fed Chair Kevin Warsh following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.
Federal Reserve officials left interest rates unchanged and reiterated their commitment to containing inflation without offering a clear signal they might raise rates at their next meeting in December.
But Fed Chairman Kevin Warsh, in a press conference that followed the decision, said officials have “made clear our readiness to act as circumstances require, and we have shown our willingness to act.”
See omnystudio.com/listener for privacy information.
Wendy’s Jumps on Report Trian Offers to Buy for $1.4 Billion
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney, Scarlet Fu, and John Tucker-Michael Halen, Bloomberg Intelligence Senior Restaurant and …
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Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence hosted by Paul Sweeney, Scarlet Fu, and John Tucker
-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses news that Trian Fund Management is leading a bid for Wendy's. According to Bloomberg Intelligence: A weak 2027 consumer-spending outlook, particularly among low- and middle-income households, could limit the odds of a competing bid for Wendy's, leaving Trian's $1.4 billion, or $7.35 a share, offer as the likely path forward. Trian's bid values Wendy's at just 15.3x consensus 2026 EPS. As we wrote in August, the odds of Trian taking Wendy's private increased with the hiring of CEO Bob Wright and CFO Steven Cirulis, who led Potbelly's turnaround and eventual sale.
-Mustafa Okur, Bloomberg Intelligence Senior Industrials Analyst, discusses GE Vernova agreeing to pay $9 billion to acquire Trench Group to bolster its portfolio of high-voltage power grid equipment. The purchase will be funded equally with both cash and debt, and is expected to close in late 2027, according to a statement Wednesday. The company is raising sales guidance as its customer backlog expanded to $197 billion, and now expects full-year revenue of $46.5 billion to $47.5 billion.
-Diksha Gera, Bloomberg Intelligence Global Fintech and Payments Analyst, discusses Visa reporting earnings that exceeded estimates as consumers turned to branded cards to transact. The company's payments volume increased 9% to $4.08 trillion, up from $3.73 trillion during the period last year. Visa Chief Financial Officer Chris Suh said the company's full-year 2027 adjusted net revenue growth is expected to be in the low-double-digits.-Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion Contributor, discusses the Bloomberg Opinion column: “Too Much AI Can Stifle Innovation.” The latest way to sell artificial intelligence is with a high-tech version of the promise that corporate America last bought from Six Sigma, where companies pay for AI agents out of labor and services spending. Process management programs such as Six Sigma reduce variance in a company's routines, but a side effect is that innovation builds on what the company already knows instead of creating new approaches and drawing on new ideas. Separately, Gautam discusses Anthropic.
Anthropic PBC is cautioning investors that its advocacy for artificial intelligence safety could make the company a target of government retaliation.See omnystudio.com/listener for privacy information.
Boeing Cuts Delivery Target, Sending Shares to 18-Month Low
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney, Scarlet Fu, and Norah Mulinda-George Ferguson, Bloomberg Intelligence Senior Aerospace …
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Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence hosted by Paul Sweeney, Scarlet Fu, and Norah Mulinda
-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses Boeing cutting its full-year aircraft delivery target due to needing more time to accommodate higher production rates. The company will deliver closer to the lower end of its 787 Dreamliner guidance and come short of its target for 500 737 Max jets. Boeing's commercial airplane division posted a $697 million loss, but the company's free cash flow for the third quarter was $464 million, beating analyst estimates.
-David Welch, Bloomberg Detroit Bureau Chief, discusses General Motors plans to shift its stock listing to the Nasdaq Global Select Market from the New York Stock Exchange to position the company as a tech-forward company. The company will retain the “GM” ticker symbol when it begins trading on the Nasdaq on Nov. 17, and the new listing offers eligibility for potential inclusion in the Nasdaq-100 Index. The listing shift is an attempt to get investors to view the company differently, as GM has been investing in self-driving systems and software-related services with potential for revenue growth with higher margins.
-Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst, recaps UPS earnings. United Parcel Service Inc. boosted its financial guidance for the year, suggesting the courier expects to benefit from high prices and resilient demand through the holiday season. The company raised its adjusted earnings guidance and reported revenue of $92.6 billion this year, up from a prior forecast of $91.2 billion. UPS Chief Executive Officer Carol Tomé said "US consumers remain resilient and the outlook for holiday demand is strong", despite warning that average daily volumes in the fourth quarter would be down year over year.
-Ken Shea, Bloomberg Intelligence Senior Consumer Products Analyst, recaps Coca Cola earnings. Coca-Cola Co. raised its 2026 full-year outlook on strong international demand for soda, but notched lower-than-expected sales volume in North America. The company now sees organic sales increasing at least 5% this year, and reported strong growth in its sparkling soft drinks, with a particular boost from zero-sugar soda. Coca-Cola Zero Sugar saw a 16% increase in unit case volume sales, but sales volume in North America was flat, coming in below the average of analysts’ estimates.See omnystudio.com/listener for privacy information.
Anthropic Flags ‘Existential Risks’ in Long-Awaited IPO Filing
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Ed Ludlow, Bloomberg Tech host, discusses how Anthropic filed for an IPO …
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Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
-Ed Ludlow, Bloomberg Tech host, discusses how Anthropic filed for an IPO, warning its technology carried existential risks even as it moved a step closer to being the first company focused primarily on developing the most advanced artificial intelligence models to go public. The company behind Claude expects to begin trading on the Nasdaq Global Select Market under the symbol ANT, a filing Monday with the US Securities and Exchange Commission showed. Anthropic filed confidentially in June for a listing.-Michael Shepard, Bloomberg News senior technology editor, on how the Anthropic IPO is being led by Goldman Sachs Group Inc. and Morgan Stanley, along with 20 other banks, the filing shows. Anthropic and some of its shareholders are offering stock in the IPO, according to the filing. The amount of shares they’re offering will be disclosed in a later filing.
-Mark Niquette, Bloomberg News real economy reporter, on President Trump’s affordability crisis and the upcoming midterm elections.
-Jody Lurie, Bloomberg Intelligence credit analyst, on how Norwegian Cruise bonds could stay pressured, as net leverage rising to over 6x by year-end suggests a prior goal of 4.5x is unattainable by next year without a large one-time capital infusion. Equity investors' impatience may mean bigger asset sales or other creative steps.See omnystudio.com/listener for privacy information.
Affordability In Focus Ahead of Midterms; US National Wealth Tax Debate
Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today's show features: Whitney Tilson, Stansberry Research Editor Stephanie Guild, Robinhood Chief …
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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom.
Today's show features:
- Whitney Tilson, Stansberry Research Editor
- Stephanie Guild, Robinhood Chief Investment Officer
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Apple’s $2,000 iPhone Duon Debuts With Limited Supply
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, discusses Apple …
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Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
-Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, discusses Apple debuting its foldable iPhone Duo, with people lining up overnight to get their hands on it first. The new device is in limited supply, with consumers placing new orders on Apple's website being offered delivery at the end of January, and some stores selling out of certain configurations within the first half hour.
-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses OpenAI seeking to raise around $30 billion in a fresh funding round at a valuation of $1.25 trillion, according to people familiar with the matter. The company shifted the value discussed in the talks by $150 billion, from $1.4 trillion, and fundraising discussions are ongoing, said the people.
-Ben Elliott, Bloomberg Intelligence Consumer Finance Analyst, discusses earnings from American Express. According to Bloomberg Intelligence: American Express' accelerating card-fee growth and moderating customer-engagement expenses show the benefit of its Platinum refresh, as higher fees can take up to two years to reach earnings while expenses are recognized faster. Card fees are central to AmEx earnings, accounting for a large portion of net income after substantial rewards and marketing costs.
-Tamlin Bason, Bloomberg Tech Litigation Analyst, discusses Infosys earnings. Infosys Ltd. lowered its annual sales forecast as clients continue to hold back on technology spending, signaling that a broad-based recovery in IT budgets could prove elusive anytime soon. Revenue will climb 1% to 2% on a constant-currency basis in the year through March 2027, down from its July guidance of 1.5% to 3%.See omnystudio.com/listener for privacy information.
Meta Falls After Boosting Spending Plans for AI Bet
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu- Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence …
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Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
- Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses Meta earnings. Meta Platforms Inc. shares fell after Chief Executive Officer Mark Zuckerberg told investors the company would bet even more aggressively on artificial intelligence. The company boosted its capital spending plans for the year and announced a new class of nonvoting stock that could be used to help pay for acquisitions and other expenses.
-David Welch, Bloomberg Detroit Bureau Chief, discusses Tesla earnings. Tesla Inc. pulled back its spending plans after investment last quarter trailed expectations, with capital expenditures to be around $20 billion this year. The company had been consistently short of the pace needed to hit its spending goal, particularly after a $4.73 billion outlay in the third quarter, with analysts having expected $7.95 billion on average.
-Liam Denning, Bloomberg Opinion Columnist, discusses the column: “SpaceX-Tesla Is a Strange, But Certain, Deal.” Elon Musk confirmed that SpaceX and Tesla have formed special committees to examine a potential merger, with Musk noting his personal preference for a deal. SpaceX's quarterly results eclipsed Tesla's, with SpaceX reporting its first quarterly positive net income of $4.4 billion, compared to Tesla's results.
-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, recaps Comcast earnings. Comcast lost 144,000 residential broadband customers in the third quarter, more than the 133,000 losses predicted by Wall Street. The company's media operations at NBCUniversal are performing well, with Peacock reporting a 17% increase in paid subscribers and Universal seeing its highest grossing film of all time.See omnystudio.com/listener for privacy information.
Earnings Special: Meta Boosts Bet on AI With Spending Outlook, New Stock Class
Meta Platforms boosted its capital spending outlook and announced plans for a new class of nonvoting stock, escalating its already-stratospheric bet on artificial intelligence. Capital expenditures will be $135 …
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Meta Platforms boosted its capital spending outlook and announced plans for a new class of nonvoting stock, escalating its already-stratospheric bet on artificial intelligence. Capital expenditures will be $135 billion to $145 billion in 2026, the social-media giant said during its quarterly earnings report Wednesday, raising the bottom end of the range from $130 billion. The moves show that Meta has confidence that its spending on artificial intelligence will bear fruit. Chief Executive Officer Mark Zuckerberg has struggled to persuade investors to accept the company’s ballooning expenses for ambitious AI bets. But in recent months, Meta has made headway with its technology.
Meta shares rose in after-hours trading on Wednesday. They had gained about 6% this year through the close in New York.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with Ed Ludlow, Bloomberg Tech co-host.
See omnystudio.com/listener for privacy information.
SpaceX, Tesla Boards Study Possible $3.5 Trillion Merger
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Sana Pashankar, Bloomberg Space Reporter, discusses Elon Musk endorsing the …
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Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
-Sana Pashankar, Bloomberg Space Reporter, discusses Elon Musk endorsing the prospect of combining SpaceX with Tesla, uniting assets from electric cars to AI data centers to rocket and satellite capabilities. Musk said the boards of both companies had formed special committees to consider the idea of a combination, but cautioned that getting enough support from Tesla shareholders may be tricky.
-Matt Henriksson, Bloomberg Intelligence Senior Equity Analyst, discusses Abbott Laboratories planning to spin off its nutrition unit into a separate publicly traded company through a tax-free distribution to shareholders. The new company will have annual sales of about $8.5 billion from its key brands, including Pedialyte and Ensure, and will be led by Daniel Salvadori as chief executive officer.
-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses United Airlines forecasting weaker-than-expected earnings for the final three months of the year due to soaring jet fuel prices. United shares rose more than 4% after the carrier commented on strong operating revenue and reassurance on 2027 pretax margin targets.
-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses Netflix earnings. Netflix reported its slowest sales jump in three years and forecast a fourth consecutive quarter of slowing growth, amplifying concerns about the performance of the world’s leading online TV network. The company blamed its sales shortfall on the advertising business, which is on pace to deliver $300 million less than expected, and has overhauled its leadership to address a decline in programming quality.See omnystudio.com/listener for privacy information.
Earnings Special: SpaceX Profit Beats Estimates on Big Jump in AI Revenue
SpaceX exceeded estimates for quarterly revenue and profit, driven by substantial growth in its artificial intelligence and satellite internet businesses.Elon Musk’s satellite, rocket and AI conglomerate posted …
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SpaceX exceeded estimates for quarterly revenue and profit, driven by substantial growth in its artificial intelligence and satellite internet businesses.
Elon Musk’s satellite, rocket and AI conglomerate posted $4.4 billion in net income for the quarter ended in September, far better than analysts’ average projection of $1.88 billion. Revenue increased 161% from a year ago and also beat expectations.SpaceX shares rose in New York after the close of regular trading.
For instant reaction and analysis, Bloomberg Businessweek Daily guest hosts Norah Mulinda and Alexis Christoforous speak with:
- Ed Ludlow, Bloomberg Tech co-host
- George Ferguson, Bloomberg Intelligence Global Head of Aerospace, Defense & Airline Analysis
See omnystudio.com/listener for privacy information.
GM Slides as CEO Barra Warns of ‘Intensifying’ Challenges
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Craig Trudell, Bloomberg Managing Editor of Global Business Coverage …
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Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
-Craig Trudell, Bloomberg Managing Editor of Global Business Coverage, discusses General Motors earnings. GM shares fell as shareholders focused on a narrower profit outlook despite plans for another $20 billion in stock repurchases. The company now sees 2026 adjusted earnings before interest and taxes in a range of $14.5 billion to $15.5 billion, compared with the $14 billion to $16 billion range it projected in July. GM's board approved the new round of buybacks, which will be funded on an ongoing basis over a multi-year period of time, adding to the $29.5 billion already spent by the company buying back its shares since 2023.
-Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, discusses Salesforce agreeing to buy Braze Inc. for almost $5.7 billion in enterprise value, paying Braze investors $47.50 per share. Braze gathers customer data in real time and uses AI to generate personalized messaging for different media and methods of communication, serving around 2,770 customers. The deal is expected to close in Salesforce’s fiscal 2028 and will be used to bolster several of its products, particularly those for marketing and customer communication via Agentforce.
-Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses Nscale being in talks to sell computing power to Anthropic PBC in a deal that could be worth about $45 billion, according to people familiar with the negotiations. The deal would be for a second facility at Nscale's Monarch data center campus in West Virginia, which would deliver 460 megawatts of computing power using Nvidia's advanced Vera Rubin AI chips. A deal could be finalized as soon as in the coming days, but deliberations are ongoing and details of the plan could change, with Nscale still needing to secure financing to fund the supply of AI chips.
-Lindsay Dutch, Bloomberg Intelligence Consumer Hardlines Senior Analyst, discusses Hasbro earnings. According to Bloomberg Intelligence: Hasbro's raised outlook reflects further strength and better-than-expected growth for Magic: The Gathering, while the Consumer Products unit's 4% net sales increase for 3Q keeps it on track for low-single-digit growth this year. Comparisons will be tougher for both in 4Q, with sales growth likely to decelerate. Earnings in 3Q were aided by $55 million in tariff refunds, with margin pressure also likely to resume in 4Q, especially for the Consumer Products segment.See omnystudio.com/listener for privacy information.
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