caroline hyde, markets or maybe a little bit accelerated there? uidity, people taking their bets off the table, trying to do a chess analogy. session lows at the moment, the magnificent seven are being sold the hardest. >> absolutely. but we haven't had this calendar year is a selloff north of 20%. we haven't really had that. we had 8% several months ago but haven't had that 10% plus that a lot of strategists will say is healthy for longer-term bull markets. we haven't had many drawdowns, as the kids say. >> nvidia hit technical correction a week or so ago. but putting it into perspective, these are companies in stocks top 100, 180, over the course of the year. paul: all right, caroline. that was good fun here today. enjoy the weekend, everyone. we'll be back, i will certainly be back, next week. this is bloomberg. good morning. ♪ announcer: this is "balance of power." live from washington, d.c. joe: from bloomberg's washington studios to

announcer: this is bloomberg technology with caroline hyde and ed ludlow. tim: coming up, cloud nine, broadcom up, topping $1 trillion valuation after posting better than expected results. jeff bezos looks for help and san francisco's incoming mayor wants to take advantage of the ai boom for the revival of the city. let's get a check on broadcom. abigail: impressive rally. shares up 19% on the day near session highs. investors were surprised by the degree of positivity. investors love ai. they are saying they can grow their ai business in the first part of the quarter by 65% and by 2027 the ai components market could be $90 billion. let's put it in context of one of the most well-known companies nvidia and the s&p stocks, chips overall index. the big spike today. i think it may be the best day ever going back to '09. nvidia and the s&p, not shabby for broadcom this year. tim: thanks. deeper dive in broadcom. you joined us live yesterday as the numbers rose. the shares went negative, what happened on the earnings call? reporter: the massive 2027. it gave inv

>> this is "bloomberg tech knology, with caroline hyde and ed ludlow. caroline: welcome to "bloomberg technology." i'm caroline hyde in the bloomberg world headquarters in new york. there is a lot to get to at this hour, but let's start with the political turmoil in france. a no-confidence vote could topple the current government. caroline is there for the latest on the debate. for our global technology audience, what can we expect from the next hour? >> the debate just started inside the national assembly behind me. the leader of the far left group of the international assembly is the group proposing this motion of no-confidence in order to topple the government and make the mill shut -- michelle von government collapse. we are pretty sure of the outcome as we speak given the national outcome -- given the no-confidence vote as presented. the two extremes joining forces in over to overthrow the barn your government. -- barnier government. caroline: for the audience that cares about french technology startups, what does it change, a collapsing government,

with caroline hyde and ed ludlow. caroline: live new york, this is "bloomberg technology." adobe drops after a disappointing annual sales outlook as investors fear ai start of competition. servicetitan goes public. shares indicated to rocket at the open. we speak with the software company's cofounders. and klarna joins us. the ceo joins us how it is all-in on ai. but first a quick check on these markets. we are down .3% as we await the opening trade. at the moment the new -- the mood music is a little bit lower. we had some inflationary numbers coming from the product side of the equation coming in a little bit hotter. remember, we are so close to record highs we met yesterday. whipping on from the nasdaq we have got a key point strike in adobe. it is the worst performer when you are looking at the nasdaq 100. the worst day since back to march when it had its underwhelming numbers then. fast-forward to today and after the bell yesterday they signaled that the ai inflection point is not there yet. we are still seeing revenue coming in at about 11% or 14%. i'm looking at nvid

this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york this is bloomberg technology. macron plummets after reporting earnings and ai could not make up for the smart phone and pc cheap weakness but elon musk will -- wielding political power as a u.s. person government shutdown. apple halts its plans for an iphone hardware subscription service. this end much more on apple news later this hour. first we check in on one key stock it is down more than 70% having its worst day since march of 2020. micron really slumping on the back of its numbers. the y and the how as you see it eradicates most of its gains year-to-date. we go to analyst jake silverman first whose report lays out the outlook missed by 12%. we were all really excited about high-bandwidth memory for ai applications heard >> there was definitely an inventory crunch to some extent. this was starting to happen earlier this year. we were seeing this in june and july and august and the reason primarily was to build inventory ahead of price increases that di

caroline: i'm caroline hyde. ed:

caroline hyde in london.s is a special edition of "bloomberg markets" on bloomberg tv and radio. let's take a check on nordstrom. up to 30% year-to-date. the retailer set to go private in a deal valued at over $6 billion. the northcom family -- nordstrom family will acquire all the stock not already owned by them. thank you for joining us in studio. why are they going private? >> we have nordstrom, a retail giant that has been struggling to compete with fast fashion and discount chains like t.j. maxx. we have the company saying they think they can do a better job navigating the tough retail landscape taking company private so they can focus on operations. caroline: what does that look like? does that mean cost cuts, job cuts, a tougher period to come if you are part of nordstrom? emily: i think all of those things are on the table. this company was worth $50 billion in 2019, now it is going for $6.25 billion. the stock price has plunged 40% in the last five years. there is a lot that needs to change. paul: th

announcer: this is "bloomberg technology" with caroline hyde and ed ludlow. ♪ caroline: live from nework, this is "bloomberg technology." intel shares rise as the ceo leaves the company after a failed turn around effort. tesla and byd ramp up incentives in china in a final push to meet sales targets. tenstorrent with a $2.6 billion valuation. first, check on the markets, check on intel, up more than 3% on the back of the news the ceo is leaving the company and it is going to be two interim ceo's that take the helm as the board searches for a replacement as the departure is potentially signaling more strategic shifts. we get into the details with mandeep singh. many would say they are surprised. many would say the august numbers showed the restructuring would be painful and the board lost confidence. >> i think it probably suggests the members for q4 do not look good either. the foundry business with a big contributor. even though intel has about $18 billion of foundry revenue, it is negative gross margins. when you think about the $18 billion number, how much of that business comes fr

>> this is bloomberg technology with caroline hyde and ed ludlow. caroline: coming up, nissan in talks to merge with honda. why tech giant foxconn catalyze the auto deal discussions. plus data bricks valuation rises to $62 billion. and all eyes on micron earnings after the closing bell. nai demanded deliver -- can ai demand deliver? we are flat on the day when it comes to the nasdaq 100. let's look at key additions. from a points perspective it is all about nvidia. that adds whopping amounts in terms of market capitalization. it is not enough to offset some of the drags. qualcomm sold off for the second straight day. profit-taking is still want to watch when we're looking up broadcom. chipmakers stepping on micron. can we see high-bandwidth memory deliver? can we cai demand deliver from micron? let's get to this key story of the day, the merger discussions. nissan in talks with honda and it would be a deal that could create the world's third-largest automaker with a better chance to compete with toyota and tesla in the eb space. -- in the ev space. t

with caroline hyde and ed ludlow. caroline: live from new york, this is "bloomberg technology." tiktok still faces most on ousting in the united dates after fdc appeals court upholds the ban law. more voices in the new administration as donald trump selects david sachs to serve as his ai and crypto czar. hp reaches a record high after posting earnings. we talk ai service with the company's ceo. first we check in on the markets and other record highs. we have the nasdaq at a new record. up .7%. the macro picture being that of a resilient jobs market. the market almost pricing in some sort of rate for later this month coming from the fed. so we see stocks move higher. the s&p at a new record too. in terms of points contributors you are looking at broadcom doing well. also met as well. -- meta as well. that is because of tiktok's parent company still facing that man in the united states. cash ban in the united states. the federal appeals court just came out with this decision. alexandra levine joins us now, who covers all things social event you are not surprised ultimately by this

innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology, with caroline hyde and ed ludlow. caroline: live from new york, this is bloomberg technology. coming up, bitcoin blasts past $100,000. we dig into the sentiment including the s.e.c. chair announcement. plus, it is tiktok -- tick tock for tiktok as it awaits a decision on a u.s. man -- ban. asian stock records. camtek keep american exceptionalism alive? -- can tech keep american exceptionalism alive? we are so close to the record highs we saw across benchmarks yesterday. we have nervousness ahead of nonfarm payrolls tomorrow. douglas claims come in and we look at what is happening geopolitically speaking. chips to the downside. it gets busy. optimism coming from bank of america as they visit the gigafactory. a move in some asset classes. bitcoin, 100,000. we went past 103 thousand earlier, up 3.6%. a whole fledge of positive sentiment. maybe has a little bit to do with fed chair jay powell saying it is akin to gold. in saying he would not be restraining crypto. but you have paul atkins. let's go to mike

with caroline hyde and ed ludlow. caroline: live from new york, this is "bloomberg technology." coming up, a victory for micron as the company gets its $6 billion grant from the u.s. government. plus, we break down the tech earnings, with oracle following the most in the year after posting lukewarm quarterly revenues. and we sit down with the ceos of omnicom and interpublic dissect the deal creating the world's largest advertising company. but first we check in on these markets. key points can to the upside on the nasdaq is up 3.7%. it is all about alphabet. we had that head of quantum ai on the show yesterday discussing quantum computing and the willow chip. this feeds into a virtuous cycle as to whether it is about quantum, ai, and cloud look at the drags to the downside. they are all in the chips space, we are looking at cloud and software with oracle, off by 7%. an 80% ramp-up in these shares this year. therefore, had a high bar for its earnings and the forecast did not meet expectations. neither did the 9% growth in revenue. i'm looking at tsmc, also name up 80% this year.

innovation, money and power collide in silicon valley and beyond, this is "bloomberg technology," with caroline hyde and ed ludlow. caroline: trump and muscle building political power, time is ticking for the government shutdown and this the mar-a-lago merry-go-round continues as bezos tries to influence decisions. and it is the season for intel dealmaking. first, let's check it. volatility is the name of the game. we have got what is known as triple witching upon us with options expiring and a focus on what's happening in terms of the nasdaq. there we are, the 100 is up .7%. at the beginning of trade we were underwater by .5%, really getting pushed around by the market after the significant selloff following the fat digestion of how many rate cuts are coming. we are also seeing of course one key risk sentiment factor coming to the downside. 108,000 dollars on crypto on the downside, off by 95,000 as of late. bitcoin is under pressure as we see the macro policy impact. let's just get to the broader markets in general. push to 2025, hillary frisch is with us from clear bridge with a real focus on sof

collide incident -- silicon valley and bilotta -- and beyond, this is "bloomberg technology," with caroline hyde and ed ludlow. caroline: live from new york, this is "bloomberg technology." coming up, the softbank ceo is set to announce plans to invest in the u.s. after a visit with donald trump. plus, bitcoin rises to a record high. apple has got plans for a new foldable ipad, planning to bring it to market by 2028. the markets have a risk on attitude to the day as we anticipate key fed decisions. chipmakers are driving higher on broadcom with bitcoin up 3%, 4%. we are once again escalating to new levels. trump being one of them, the focus on the new ax -- the new administration. we are up at 106,000 dollars per token. the big breaking news of the day when it comes to technology is when it comes to the people familiar, the softbank ceo is set to invest over $100 billion in the united states in the next four years as he plans to meet with trump today at mar-a-lago. we are expecting trump to speak in a few moments time. peter, we saw a big promises made by the softbank ceo in this time he is not

innovation money and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york this is "bloomberg technology." bob come becomes the new nvidia as latter falls further into correction territory. plus the tiktok ceo meets with president-elect donald trump. and a conversation with senator amy klobuchar on how to combat the rise of ai generated deepfake material online. first to check on the markets which come down from record highs. we digest the retail sales data which shows the u.s. economy resilience -- remains resilient as we look at the farro. -- as we look at tomorrow. into some of the individual movers, chip stocks have been dragging us lower, coming down from a c of a get run. brodd calmed down more than 5%. -- new video off 2.2%. we are further into correction territory. that was in early november. i'm looking at arm is somewhere in delaware arm takes on qualcomm. chipmakers going head-to-head in an ip battle. ian king, the chip master is here. let's just focus on the video. -- on nvidia. is there any fundamental

i'm caroline hyde in new york. seen a buildup in risk aversion surrounding tech, off by .7%. all fixation on the inflation reprint wednesday in the united states. what does that mean for fed policy going forward? what about the geopolitical risks affecting nvidia? a new probe announced by china, the tit-for-tat creating anxiety. we are at the 98,000 level. bit of a selloff as we get to the riskier assets. pdd, don't remember, there is optimism with china and fiscal policies to miss. some of the most positive we have seen in more than a decade, according to morgan stanley, up from 11% as chinese names do well of hits from the politburo. we have new announcements of who is in and out of the next s&p 500 reorg. it will make the s&p 500 -- it is down 40%. let's talk about reddit as well, testing a new ai-powered chatbot called reddit answers to service discussions from across the platform's forums. i feel as a user, you and i use generative ai of google's, i get reddit citations and i'm being pushed to reddit more and

i'm caroline hyde in new york. the nasdaq pushes higher.sets go higher as we get the inflationary pressure coming in as anticipated, north of 3% on the c.p.i. we are currently up 1.6%. really some of the big tech names lead us higher. going to the individual movers, we've got record highs out there across the board. a large part is on alphabet, four straight days of gains, the biggest winning four-day streak we've seen since back to march 2023. enthusiasm around the quantum innovation being seen with the willow quantum chip. add to that, gemini 2.0 being released today. innovations in a.i., all of this seems very much a circle, despite the antitrust overhang. moving to some of the individual stories on the day, we've been looking at chip makers and news coming out, reiterating what's already been reported, that yes, apple is looking at a.i.-focused server chips, and who do they turn to? long-time partner, broadcom. we're up 6.3% on the back of broadcom. the volatility remaining around super micro after they got the extension to give their f

caroline hyde joins us now. clearly, ai is a key trend from the last year. t all the chipmakers, or did it broaden now? caroline: we keep hearing the stop start about getting excited over software and the application layer of generative ai. like how palantir has been up into the right throughout the year, now entering the nasdaq 100. but going back to the chip sector is where the euphoria continues to play out. the stock having a nice day. but what has been really interesting is this play on the international side, people loving this contract chipmaker, you almost don't have to pick a winner. you can back the nvidia chips, tsmc makes them all. what's interesting is the u.s. investor base is so desperate to get in on this trade, they are paying a hefty premium for the u.s. to put up these depository receipts rather than locally in taiwan. his stellar performance for the hardware of artificial intelligence. will we start to pivot to the software a bit more? paul: that's exactly right. caroline, i'm wondering, are investors going to ask -- what about the returns

where innovation, money, and power collide, this is "bloomberg technology" with carolyn hyde and ed ludlow. caroline: live from new york, this is bloomberg technology. political anxiety hits tech. china dials up trade tensions with the u.s. and we bring you the latest on south korea's move to martial law. spacex ways and offer it could boost its valuation to $350 billion. and we sit down with the ceo of at&t is the company predicts double-digit profit gains in 2027. first we check on the markets. we are off on the nasdaq 100 at a day apple is that a new record high. we have a lot talking yes into the red in terms of key moves on the downside. i also want to shine a light on south korea. he stocks there from the technology perspective. samsung. everything technology. he exporter for this country. off significantly when you're looking at shares traded abroad in london and germany. all as we understand the leadership in south korea moves to martial law. members of the party of the president are not agreeing with the move that has been made. you will get up to the moment news with us. if you have a bloo