let's bring in ed ludlow who has been tracking all of this. maybe we start with the lucid story where you have this trust me messaging from the company on ev production numbers for the year but the bigger question of can this truly be a competitor to the likes of tesla which was the big hope. ed: exactly so, the shares are up and you wonder how much of that is a relief rally type response. the commentary from the ceo is that they will build more than 10,000 electric vehicle units this year but remember, that's at the bottom of the previously guided range, 10-14,000 range and even then they previously said they were guiding to the lower end of that range so it's a low bar. there is a sense of relief. this is a company that is losing more than $500,000 per vehicle than it builds. the story would lose it has been one of them talking about superior factory technology, the energy dense -- density of the packs being higher and higher performance and efficiency. they've not been able to achieve scale where the financials make sense and they can have

ed ludlow is still with us. ed: interesting that virgin galactic shares are up 2.5% right now. after the italian mission in june, shares fell. a long way from making any money, this company. so many years away. call it what you want. it is a big moment. this is the first commercial tourism mission because i am sure the italians paid for their ride in june. that was based on scientific experiments for a public or government agency. this is one of them, a fee-paying tourist. the original ticket price was $250,000. when they reintroduce them, $400,000. imagine that feeling. just getting back from space. alix: that would be amazing. how was the spaceflight? it was incredible to watch the first tourism flight. a long way from turning profitable. let's get back to guy, talking about looking ahead to tomorrow. you are looking at a housing crisis potentially, higher interest rates, falling prices, rents are still quite high. there is a lot that will go into this. what is your call for tomorrow? liz: we had a small fall in gdp in may. we will get a tiny bounce back from that and that wi

sonali: and i am ed ludlow --ed: and caroline: caroline: i'm ed ludlow in san francisco. boon you -- we bring you the biggest takeaways ed: from earnings. ed:plus, analysts sour on growth caroline: for the company. caroline:activision deal getting done finally. submitting a new bid to the cma in the u.k. we find ourselves in a macroenvironment. tech has continued to outperform other benchmarks, even in the face of rising yields once again. we are seeing the nasdaq up just 0.25%. canines, all eyes on nvidia as we head toward the closing bell. the 2-year yield, a bit of calmness in the bond market. all eyes not only on earnings coming this week, but jay powell come friday and what he says about the future of borrowing costs in the u.s. interesting volatility in china's trading. we saw a pickup in buying. i am looking at the crane shares. basically some key internet names traded here in the u.s. holding on by about 0.1%. what is the key risk in this? we are seeing crypto and bitcoin under continued pressure at about $26,000 thereabouts. what have you got on the micro? ed: i

-- his bloomberg technology cohost ed ludlow.hen the story broke last night, the immediate question was how. i spoke to x and they told me this is only applicable to premium users. those that pay the subscription and what they will offer you the chance to do is submit a government issued id with a selfie. that will be used to two stage verification but it is from the government issued id where the biometric data will be extracted from along with the selfie, a scan of that image for matching purchase and argument is -- and argument is this authenticated you as a real human being and one of the benefits that has is that it will push back and fight against impersonation and i don't know about you. there are few want to be ed ludlows on the platform. some of them have more followers than i do. [laughter] dani: i think i had one on instagram and i don't know why because i have no followers on instagram. didn't facebook, or facebook still does something similar to this? ed: facebook used to have a facial radvision software on the faceb

ed: i am ed ludlow in san francisco. this is "bloomberg technology." caroline: shares of peloton plunge after issuing a disappointing forecast. ed: we push earnings out after the bell from nvidia. does the ai rally have staying power? caroline: speaking of semiconductors, we are looking at huawei building a secret network of chip fabrication across china. we will bring you the why. let's check in on these markets, because even though we have anxiety it feels like a short squeeze in the bond market is lifting text stocks higher, 1.6% . the nasdaq on the upside. there's much help on the earnings to come even though some that we are about to dive into a looking -- into our looking ugly. we are seeing it across the entire curve, across the entire world. you are seeing bond buying in the u.k., europe, and the u.s. some technical elements at play. some ugly data when you are looking at the pmi data suddenly slowing in europe and seen weakness in the u.s. maybe bad news is good news on the day. we are seeing the golden dragon nasdaq buying in chinese names eve

money collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. ed: i am ed ludlow in san francisco. caroline hyde is off today. full earnings coverage ahead. lyft falls after the ridesharing company reported its lowest revenue growth in two years. the company unveils its first all electric escalade iq. amazon is in talks to be an anchor investor in arms ipo in a deal that could raise $10 billion for the chip company. first, a check on the markets. tech is lower. the nasdaq 100 is down more than a percentage point. the philadelphia semiconductor index was softer by one point 6%, underperforming the market. we are waiting for the cpi print on thursday. we get that data and we think to ourselves, what will the federal reserve do next? there is posturing in the market from that point of view, but earnings will be a theme of the show. we've had a number of earnings interviews with ceos and the reaction to the downside is also a factor, particularly for the nasdaq 100. the 10-year yield goes back down to 4%. the steady trickle down from 4.2% to 4%. bi

sonali: and i am ed ludlow --ed: and caroline: caroline: i'm ed ludlow in san francisco. biggest takeaways ed: from earnings. ed:plus, analysts sour on growth caroline: for the company. caroline:activision deal getting done finally. submitting a new bid

coming up caroline hyde and ed ludlow.avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh so... i know you and george were struggling with the possibility of having to move.hh how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door for easier mobility. kohler® walk-in baths include two hydrotherapies— whirlpool jets and our patented bubblemassage™ to help soothe sore muscles in your feet, legs, and back. a kohler-certified installer will install everything quickly and conveniently in as l

this is "bloomberg technology" with caroline hyde and ed ludlow. ed: i am ed ludlow in san francisco. caroline hyde is off. this is "bloomberg technology." coming up, for earnings coverage as we wrap results from pinterest and push ahead to qualcomm. we wrap chipmakers from amd, look at softbank's ipo eying evaluation of more than $60 billion. plus a deep dive into the world of crypto and we speak to the ceo of the scanning cryptocurrency project world coin. nasdaq 100, very tech heavy index, add session lows, down more than 2%. we had hot labor market data, the treasure issuing debt, that is weighing on things and earnings story at the center, you think about semiconductors in particular, the stoxx or philadelphia index underperforming, down 4%, double the decline of index, the biggest drag amd. we will get to that in the second. u.s. 10 year yield above 4% and bitcoin moving back above 29 thousand u.s. dollars, the token we will focus on crypto halfway through the show with sonali basak. the earning story, two names in particular, to start with am

ed: imf the low in san francisco -- i am ed ludlow in san francisco. caroline: data breaks raising funds out of $43 billion valuation while is to call -- while instacart file for its ipo. dani: -- ed: apple revamping its ipad pro. caroline: spacex's dragon successively -- this actually docked at the international space station. -- spacex's dragon successively docked at the international space station. we are down 4% today, -- low volumes at the moment and the two year yield stabilizing and we are down one basis point but about the 5% point level and how far we have run out in terms of borrowing costs. all eyes on which china is trying to do to stoke its economy and it managed to fizzle out in terms of chinese trading. we are seeing that pullover i missed some chinese names trading in the u.s. but it is fallen off hard -- it has fallen apart. the nasa golden dragon up two percentage points -- the chinese golden dragon up two percentage points. we have come down 11% from the 30, 29,000 level and we are in range bound, 26,000 seems to be the moment as we h

ed: i'm ed ludlow in san francisco. this is bloomberg technology. assets surge as the u.s. overturns the fcc. we will cover you throughout the hour. ed: we bring you the latest from the earnings front.

money collide and slick in valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. ed: ed ludlow here in san francisco, caroline hyde is off today. this is "bloomberg technology." coming up, for earnings coverage as uber reports acer far -- surprise operating profit but misses a revenue estimate. we sit down with the ceo. plus we look a competition in social media as elon musk's x tries to become an everything out. we discuss with the ceo and get a read on private markets an venture capital with our venture spotlight. a quick check on the markets, this is the technology corners of your equity markets, 100, soft abide, 210%. we are treading water when it comes to the tech sector. 2% gain on the nasdaq 100, last week week earnings driving the narrative, underperformance in the u.s. listed shares of chinese technology names, the nasdaq golden dragon index down 1.7% as we continue to gauge what is going on in the chinese economy. particularly from the regulatory standpoint and chinese a government attitude towards some chinese tech players. and again bitcoin now below

ed: imf the low in san francisco -- i am ed ludlow in san francisco. out of $43 billion valuation while is to call -- while instacart file for its ipo. dani: -- ed: apple revamping

ed ludlow, this talk about the compare and contrast between the reaction to apple and amazon. yeah, the story this season for earnings is investors rewarding companies who legacies businesses do well and punishing those where there is not a strong or worrying outlook. that is the story for amazon and apple. -- overall growth 12% for amazon and aws is the cash cow. revenue beat on the quarter but year on year decline for sales and you have to go back to 2016 for apple to experience that growth slowdown. the iphone was weak and we knew that would be the case because there is no new handset this quarter. the new model comes out in the 3-4 month. services with the bright spot but the big picture is that apple -- apple is not immune to this. amazon demonstrated they have been able to get around that more nimbly. that is the compare and contrast. kailey: amazon is also about spending. and they are raining that in and investors seem to like it. ed: yes, capital expenses this year will be down from $59 billion last year. this company had 27,000 employees. andy jesse has been the ceo fo

ed: i am ed ludlow in san francisco. this is bloomberg technology. caroline: the pc slum continues. a date -- hp falls, cutting his profit outlook. we will bring you the safe for consumer electronics. ed: has apple sets a date -- as apple sets a for the iphone 15, huawei reveals a mysterious new smartphone. full coverage straight ahead. caroline: and will we -- we will hear from the ceo grayscale sitting down with the leaders of several companies to talk ev's in semiconductors. let's check in on the markets. after yesterday's hard rally, we are managing to tread water when looking at the key benchmarks. nasdaq .6%, volumes are down, but maybe the good news and the bad news of the gdp data and jobs data in the united states, looking at the two year yield, we follow her as the federal reserve has a little more breathing room and it comes to an economy that continues to push fast when it comes to jobs and growth. i'm looking a big coin, up by 1.4%. this is amid a weaker u.s. dollar on the back of this macro data but after the run-up yesterday after the etf news which we will dig into, m

this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: i'm caroline hyde in bloomberg's world headquarters in new york. ed: i'm ed ludlow in san francisco. this is bloomberg technology. caroline: crypto assets surge as the u.s. overturns the fcc. we will cover you throughout the hour. ed: we bring you the latest from the earnings front. it tops profit estimates, morehead. caroline: raised 100 mil dollars to reach a $1.6 million valuation. we sit down with the ceo to discuss but first let's hone in on what has been the story of the last hour, bitcoins surging, the sudden move to the upside. we are back in the $27,000 range and the crypto space up 5.6% because it seems the federal court has gone against the grain of the sec and decided -- a signed maybe we can carve away for a bitcoin etf. this is about the grayscale move prodding in. ed: we also see the app unsurprisingly play out in crypto related stocks. coinbase jumping by the most in more than six weeks. colleagues are bloomberg intelligence have a note out that kind of implie

and i'm ed ludlow. this is bloomberg technology.g up, we get the read on the state of the e-commerce consumer. we break down the walmart. strong online growth. plus, the largest maker of computer networking equipment making headway in ai. and in security technology grid we break down cisco's results. meanwhile,

and i'm ed ludlow. this is bloomberg technology. coming up, we get the read on the state of the e-commerce consumer. we break down the walmart. strong online growth. plus, the largest maker of computer networking equipment making headway in ai. and in security technology grid we break down cisco's results. meanwhile, raising $20 billion of market value in one day alone after posting the slowest revenue growth since the europeans payment shines ipo. we will bring the details, but were talking about an erosion grid once again, sentiment on the downside on the nasdaq. these aren't enormous moves. but the volume a low will see some nervousness around what is happening in the bond market. significant selloff. a rate at which we are inclining and yield spread we are seeing another six basis points added on the tenure. this will come thick and fast. u.k. yields are upper us -- across the world. a movement to bonds that will see interest rates continuing to have to remain at a sustained high level. interesting that we got a reprieve in chin

as silicon valley and beyond, this is bloomberg technology with caroline hyde and ed logo -- ed ludlow. ♪ ed: caroline hyde is off today, this is bloomberg technology. stability ai breakout success faces threats. consecutive executive departures. we will bring you the reporting. full coverage of reported earnings from pelletier and we will have an exclusive conversation with spotify se integrate ai technology into its product. let's get straight to our top stories. stability ai is confronting executive departures, struggling to raise funds and an accusation it has not paid its bill in time. after breakout success the start of faces mounting risks to its edge in the booming field of generative ai. the reporters who broke that story, they join me now. what were the main takeaways that we learned in the course of our reporting? rachel: we spent several months looking into the story and speaking to people including the person behind and accompany that came out of nowhere. has the ceo that tends to make loose guided comments about things that have not happened yet and the company seems diso

let's get more from ed ludlow. the expectations were pretty high, which is why a lot of people were concerned that nvidia would not be able to match them. >> the results are so stunning. the story was demand for ai relevant chips. data sales that more than $10.3 billion. the estimate was just below $8 billion. sales of up to $16 billion, way above the average analyst estimate which was $12.5 billion. the ai story will continue to have momentum. the cfo called the tremendous and broad-based ai demand. there were so many questions. can you quantified your confidence? how do you know the hike will keep spending? there is a trillion dollars in data center capacity globally, but only a fraction have committed to cap exit the stage to invest in it. >> one of the reasons investors love nvidia so much is because it outsources the actual production. does that mean there is supply flexibility concerns? >> the supply picture is a very interesting one. the narrative is that supply will improve every quarter and suppliers have

ed: i am ed ludlow in san francisco. caroline hyde is off today and this is uber technology.l earnings covers ahead as apple loses its 3 trillion market cap around amid tepid demand for iphone. amazon seeing strong revenue growth even as the e-commerce giant rains in the spending under ceo andy jassy and nicola replacing its ceo

>> this is bloomberg technology with caroline hyde and ed ludlow. caroline: i'm caroline hyde in new york. ed: this is bloomberg technology. caroline: coming up, intel. we will break down the implications. ed: china tech firms report earnings -- amid an uncertain economy and we will break down the results and a look at why jd.com is bucking the slowdown. caroline: crypto 6 -- -- bitcoin custodian bitgo -- the cl will join us later to discuss how and why they did it. let's check in the markets and there is a slowdown on the border markets. the nasdaq is slowing down. when you look the best -- the nasdaq 100, we are seeing nervousness encapsulating the story in china, the macro implications of what that means for the u.s. and investor sentiment. the two-year yield dipping down. we are seeing 4.94 on the two-year. the pound, this is the inflation anxiety gripping through the u.s.. inflation is hot in the u.k. 6.9%. the pound is the outperformer when you look at the key core currencies. one key currency, bitcoin up 3/10 of a percent. the language at this

money collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlowcaroline hyde is off today. full earnings coverage ahead. lyft falls after the ridesharing

>> this is bloomberg technology with caroline hyde and ed ludlow. caroline: -- ed: i'm ed ludlow in san francisco. caroline is off. it is these capital spending and production costs lower-than-expected. we will bring you all of the details. president biden imposes limits on u.s. investments in china. alibaba returns to growth across all of the main divisions, defying china's economic turbulence. we will take a deeper look at the supreme court ruling in the epic case siding with apple, at least for now. the other big story was inflation, gaining 0.2% last month. the slowest pace of gains for two years. the market starts thinking about the fed and then says maybe the fed will skip a rate hike in the next meeting. why do we care about the fed? higher rates discount the valuations for future cash flows for names on the nasdaq 100. the main text -- the main tech index outperforming but we are basically treading water. the other big risk as it is bitcoin. we are the same level we have out for two weeks. the u.s. 10 year yield climbing back up. remember the

ed ludlow joins us now. cool story mainly because a couple of space junkies from the caribbean got free tickets in a raffle. ed: this is one of the stories were it's like finally we got here. virgin galactic founded in 2004 and they were saying by 2007 they would be taking tourists into space. what today's mission was was the seventh time that virgin galactic its unique, its unique launch system has taken humans beyond 50 miles beyond the atmosphere. there is a debate over the official boundary of space. as you point out, it was the first commercial trip for tourist. one of the passengers is an 80-year-old former olympian with parkinson's. the other two are a mother-daughter duo who won the tickets in a charity draw. they are from the caribbean. it is a beautiful story, but it has taken a long time to get here. matt: i don't think it really matters the debate over is this not. you go out there and it's a cool trip, it's different than orbit, but still pretty awesome. will we see a lot more of this? ed: i was

this is bloomberg technology with caroline hyde and ed ludlow. i'm caroline hyde at bloomberg's world headquarters in new york. and i'm ed ludlow in san francisco. this is bloomberg technology. coming up, we'll discuss the outlook for china's tech sector. and as it's the biggest companies are preparing to report results, how will the slowing growth picture for china actually weigh on investor sentt

money collide and slick in valley and beyond, this is bloomberg technology with caroline hyde and ed ludlowy. this is "bloomberg technology." coming up, for earnings coverage as uber reports acer far -- surprise operating profit but misses a revenue estimate. we sit down with the ceo. plus we look a competition in social media as elon musk's x tries to become an everything out. we discu

this is bloomberg technology with caroline hyde and ed ludlow. i'm caroline hyde at bloomberg's world headquarters in new york. and i'm ed ludlow in san francisco. this is bloomberg technology. coming up, we'll discuss the outlook for china's tech sector. and as it's the biggest companies are preparing to report results, how will the slowing growth picture for china actually weigh on investor sentiment? plus, we'll talk the state of electric vehicles as ev maker vinfast goes public via spac. we speak to the ceo about the deal and studio giants offer a new deal to striking writers in hollywood. we'll bring you the latest reporting on that matter. but first, we dig into these markets. we look at here in the us, strong economic data over in china, a slowing picture, and we try and marry it all together as well as what's happening in the uk. from a macro perspective perspective, the numbers are so strong here in the us. when you look at retail sales rising, more than expected, what does that mean for a federal reserve that has to keep on perhaps push

ed: i am ed ludlow in san francisco. this is bloomberg technology. caroline: the pc slum continues. it outlook. we will bring you the safe for consumer electronics. ed: has apple sets a

ed ludlow is off. this is bloomberg technology.rkets amid sapping sentiment. look at the outlook for the tech sector. plus, cry

ed ludlow joining us. catch ed and caroline on bloomberg technology.lephant in the room is china. gina raimondo is in beijing trying to win of -- trying to mend a widening breach. amy celico joints me next. this is bloomberg. ♪ (car engine revs) (engine accelerating) (texting clicks) (tires squeal) (glass shattering) (loose gravel clanking) it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. alix: we are about one hour into the u.s. trading session. stocks are higher but volume is light. abigail has the news. abigail: volume is light but look at the green on the screen. the s&p 500 up about .7%. i believe at session highs. up more than 1%. because the month of august has been challenging, the best day since the middle of july. a broad-based rally with check participating. small-cap stocks outperforming and the transports up 1.6%. it seems investors are ignoring what

joining us now is ed ludlow. there is a lot to go through in the tech world right now. ride in a robo taxi? ed: to ride in a robo taxi in san francisco is normalized. i've been a registered writer crews and wamo and have taken both but the california regulator last night has basically ripped off the restrictions now in the city. cruise can have full commercial services and wamos and the full coverage of the city of san francisco, charge fares to give passengers rides in a car that has no driver. yes, it's just san francisco for this technology, this was a big moment. it's real now here at least in this city. guy: a bunch of questions -- is san francisco an easy city for these things to operate in? can we replicate this elsewhere? why do we need a steering wheel at this point? will we see cars produced without steering wheels? ed: questions. san francisco is a difficult terrain for these cars to navigate. multi-traffic channels, think about the pedestrians and cyclists and the steep hills, some traffic lights and one-way direction roads and many stop signs. that is part

power collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. ed: i am ed ludlow in san francisco. caroline hyde is off today and this is uber technology. full earnings covers ahead as apple loses its 3 trillion market cap around amid tepid demand for iphone. amazon seeing strong revenue growth even as the e-commerce giant rains in the spending under ceo andy jassy and nicola replacing its ceo of less than a year of running the electric truck maker. and why and -- and why a familiar face is taking the wheel. abba's on an amazon reporting -- apple and amazon reporting quarterly earnings, its market cap now below 3 trillion u.s. dollars. a lost that market cap around. the other end of the scale, amazon up 11% on an intraday basis on track for its biggest jump since november, a beat across the board. we will dive into the earnings of both companies but i want to start with apple because this is a really big change of sure. softness for iphone in the fiscal third quarter gone, over new rev -- overall revenue beat expectations but it fell 1% year-ov

and ed ludlow joining us. cisco is helping the u.s. stocks in the index. ms like they can deliver from ai instead of talking about it. ed: that is the story. it is a little more sunny down in san jose with cisco. positioning themselves as a beneficiary of ai but they also have evidence this is already happening. sales directly related to ai products. cisco in the round of technology related to ai they make the least sexy and interesting part of it to many, not to me, which is the net working gear. and it is all of these -- think of your cloud providers, aws, and others as you add more compute and you have more data centered capacity. that is where cisco has been a beneficiary but they are really smart at adding a software component with that. guy: are they being cautious therefore? the guidance has not blown the doors off. ed: it is not. they just closed out the physical 23 year where year on year revenue growth grew 11%. what they are guiding for this coming year is separating the region of $57 billion in sales. slightly below what the average analyst esti

ed ludlow covers ev's and he joins us to talk about this. it is mainly china, right?nday and then came out yesterday with much bigger price cuts on the higher-end models. ed: yeah, and it's tesla and elon musk being consistent. monday there was $1900 trim in the chinese market. , tuesday a new entry-level price for the model x in the u.s., and overnight, a 10,000 u.s. dollar cut to model x in china. you go back to july 19 for their earnings call, elon musk telegraph this could happen. they use the lever a price cuts to open a pockets of demand really well. it's just so interesting, the timing in the context of china's economy right now. for me, this is the data story, and tested being able to real-time judge demand of around the world. jon: what does that mean for the rest of the industry, which obviously has to keep pace with the likes of tesla? ed: what elon musk outlined his they feel dialed in on understanding what a consumer is willing to do. buying a car is a big consideration in any economy. the concern for the market -- you look at shares under pressure, down

this is "bloomberg technology" with caroline hyde and ed ludlow. n san francisco. caroline hyde is off. this is "bloomberg technology." coming up, for earnings coverage as we wrap results from pinterest and push ahead to qualcomm. we wrap chipmakers from amd, look at softbank's ipo eying evaluation of more than $60 billion. plus a deep dive into the world of

silicon valley starts its morning and joining us is ed ludlow. uber is down 5%, or 4.5%. happened? ed: i wonder if this is a sell the news moment. all of the metrics were really strong. record ridership, record driver availability, record gross bookings. a surprise operating profit on a gap basis. net income at 94 million. maybe there was expectation that things were so good that why are they not raising expectations for next year? guy: is there a macro read on the consumer? ed: honestly, the story is really simple. despite economic uncertainty or difficulty -- call it what you will -- there is evidence based on uber's metrics that people will pay for the convenience of a ride hail or having food delivered. freight is still lower but we are not paying attention. they did acknowledge that lyft is being more competitive pricing wise and they see a two-player market for some time. uber is not going to all out dominate. we know they are being competitive on pricing and maybe those pricing incentives help the consumer. alix: i was wondering what the next big shift is for uber.

haidi: let's get more of those results from ed ludlow. let's start with apple, not immune to the broader slump in smartphone demand. ed: in the fiscal third quarter iphone sales softer than expected. it was the third consecutive quarter where open all revenue fell on a year-over-year basis. that has not happened since 2016. there is an interesting pocket in there. the month of june so records in markets like india. in greater china overall they have returned to growth from a period of basically declined there. and sequentially going into the fiscal fourth-quarter which is the period ending in september, they are expecting things to get better for the iphone worse for iphone -- ipad and mac. so it's a mixed picture. our colleague said he was expecting a boring quarter and he got a boring quarter so we should just all go home. but i think we got exactly the numbers that were forecast in many cases. this is apple not being able to escape the macro headwinds eating consumers all around the world. kathleen: services did better. tim cook emphasi

coming up, the ceo of bitcoin will join bloomberg technology with caroline hyde and ed ludlow.ough wednesday. stay with us. this is bloomberg. (announcer) enough with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinically proven to repair metabolism, optimize insulin levels, and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo. >> this is bloomberg technology with caroline hyde and ed ludlow. caroline: i'm caroline hyde in new york. ed: this is bloomberg technology. caroline: coming up, intel. we will break down the implications. ed:

ed ludlow is off. this is bloomberg technology. analysts call out a perfect storm in the markets amid sapping sentiment. look at the outlook for the tech sector. plus, crypto. applico -- liquidations as prices fall. we look at what is behind bitcoins volatile moves. gearing up to be the biggest ipo of the year. chipmaker arm is set to line up 28 banks for public offering. we will bring you the latest on the company and who else is arguing the ipo. it's been a volatile week for markets. abigail doolittle, you do it so well. abigail: we have had stocks all over the map. apple flipping to the upside, down earlier sharply, weighing on major indexes when they were down across the board more than .5%. at this point, apple is up slightly. we have heaviness on the market from other big tech names like nvidia, microsoft, and meta-platforms. nvidia will be reporting next week. will the stock that is up more than 190% on the week, will the results really deliver what investors are looking for relative to ai. the week is certainly risk off. st

ed ludlow has lots to talk about. yes, it's going to be amazon., it's going to be apple tomorrow. a big chunk of the tech landscape. we have a.m.d. today. why is the stock down? ed: i'm just looking at my screen, down 4.6% now. they said that the market opportunity for their a.i. offering which is an a.i. accelerator g.p. or gpsu hybrid is $150 billion by 2027. a.m.d. said in the course they have gone customer engagement grew 7-x. there is a sense engagement does not many tangible sales. it's still a future opportunity. and perhaps, you know, this is the second best performing stock on the philadelphia semiconductor year to date. in the core businesses there were signs of turn-around and progress but maybe we wanted to hear more about a.i. why are they not making money on it right now. alix: we already priced on these stocks, maybe the future of a.i., now you seed the actual tangible results to get the next pop, is that a narrative i should take away here? ed: it's an interesting idea. i am looking on the bloomberg. the stock is up 73% year to dat

ed ludlow joins us, he covers the company closely. you heard what kathy told us, what you think about why is zach leaving and what do about the transition? ed: it was a surprise piece of news. a lot of investors we spoke to expressed surprise but point out 13 years as a long time any company, let alone working for elon musk. he became cfo in early 2019. when he was named the new cfo, there was a sharp reaction to the downside because he was in an unknown quantity, but he had been at tesla for a significant number of years before that in more junior finance roles in he has proved to be a capable cfo. it is important to note he gave notice august 4 but will remain with the company until the end of the year to aid with the transition, which has value in and of itself. we know less about the chief accounting officer, but has a similar background. a longtime finance executive with tesla. she is confident zach will have trained him and prepared him for the opportunity. matt: absolutely. in terms of what they have going on at tesla, there is

as silicon valley and beyond, this is bloomberg technology with caroline hyde and ed logo -- ed ludlow is bloomberg technology. stability ai breakout success faces threats. consecutive executive departures. we will bring you the reporting. full coverage of repored

bloomberg's ed ludlow has been across the story. ed: there is staying power for nvidia's story. plus or -2%, that is above what analysts were expecting. the weight they have described it as they have visibility on ai demand going into the next fiscal year. the cfo called it "tremendous and broad-based ai demand are cut -- demand." these are the server designs based on a-100 that they shipped to -- how can they be so confident that the hyper scalars will continue to invest in this domain? there are two things happening in parallel. the willingness to invest in accelerated computing and the response we have seen to generative ai and the computing needed to support that. nvidia does expect supply to increase in the next quarter every year. they have really stepped up to meet the demand driven by ai. in china, executives addressed this head on amid reports of the u.s. will boost export -- or technology export rules to china. in the meantime the cfo's of the new restrictions would have no material effect for long-term, the rules would result in a loss of opportunity for nvidia and ot

watch caroline hyde and ed ludlow on bloomberg technology, the only daily business show dedicated to tech right in the middle of the trading action. 12 p.m. on the east coast, 9 a.m. in the west, only on bloomberg television, your global business authority. retail sales improve, market sentiment deteriorates live from studio two at bloomberg headquarters in new york, i'm romaine bostick. and i'm katie greifeld. kicking you off to the closing bell here in the us. less than two hours to go into the close and you're looking at a market with pretty red moves on the screen. the s&p 500 off as two is the nasdaq 100. i'm not going to say good news is bad news, but i could because retail sales came in hotter than expected. that's increasing bets that the fed will have to doo

. >> this is bloomberg technology with caroline hyde and ed ludlow. to the bloomberg world headquarters in new york. ed: this is bloomberg technology. caroline: the tesla challenge, the company because prices in china again, sparking worries of another global rise all. ed:

ed: i'm ed ludlow and this is bloomberg technology. caroline: nvidia blue past estimates. will ed: bring you the details. plus, for market coverage and cover other tech names like snowflake. caroline: and we talked all things artificial intelligence, but we start with the ai story that is pervasive for the entire market and even though nvidia comes off of its highs trading in excess of 6% higher, we are up more than almost two percentage points higher but it's extraordinary where these price targets have been moved to. one price target was $1100. this could still double and it's an amazing set of numbers. ed: this is the third consecutive courseware nvidia's guidance for the current fiscal quarter was way ahead of expectations revenue in the fiscal third would be $16 billion. in the second quarter, data center is everything, 10 point $3 billion way past expectations of $8 billion and the growth is coming from the united states. it's the enterprise company but it's interesting to note that china accounted for 25% of data center revenue which is well within its historic rang

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: i'm caroline hyde. bloombrg technology. this is bloombrg technology. -- this is bloombrg technology. we keith rabois will sit down with -- we will sit keith rabois down with cash we will sit down with -- we will sit down with keith rabois. it is a summer day in the markets. abigail: we have relatively small moves for the index. the s&p 500 has flipped lower so we may be looking at the longest losing streak of the year. a piece of it has to do with some of the big tech laggards we are looking at. a bright spot is apollo alto networks, stock soaring, the best day in a few years. guidance strong. investors excited for that. they reported after the about friday a very unusual thing to do. that's the quarter was clean and better than expected, it is not being reported. nvidia come up 4.7%, analysts raising price targets. apple dabbles a little. despite the fact that it is a small decline, with a bigger decline, intel down 1.6%, they have cut 146 positions in california. it is th

avalarahhh ahhh alix: we cover top stories in the west coast area, ed ludlow joins us now. >> they raisedth modestly. why did they not do more? the supply chain is improving. he said i spoke to the ceo, and see what he said about the demand issues. have a look. >> one of the challenges is where our plan is located in the middle of the country and not a large market. as we are ramping, they get loaded onto the rail cars and that takes many weeks from the vehicle to leave plans and get delivered. when production is great and the ramp is steep you get this quarter over quarter delta and over time, we won't even notice it. but given the scale of our ramp and the overall magnitude it's something. >> there is no supply crunch? >> our biggest challenge is being able to receive the vehicle. so there are vehicles in the system how am i not seeing my vehicles? it's continued about production and take a timeout from dr. gate and delivery. we could do that if we ship our money, we can ship them to trucks but we tried to maintain rail even though it doesn't work as well. ed: sounds like a push back ag

power collided in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: i am caroline hyde at bloomberg world headquarters in new york. ed: and i'm in san francisco. caroline: our strategists sour are intact? we will break it down. ed: buy now pay later company beats estimates and fourth-quarter results. there is an insane share reaction we will speak to the ceo3+. caroline: china'smatuan business falls and we will have that and so much more throughout this hour. let's check in with the jay powell results. he manages to stick to his usual partyline and no great surprises in a hawkish tone in jackson hole. the nasdaq is down about 1/10 of 1%. we are up about four basis points on the longer and in the 10 year but a little bit more of a hawkish tone but it didn't upend the market entirely. bitcoin is off slightly. moving on to the picture of the week, amid this volatility in these worries of china and the macro sentiment, we hold onto gains through the nasdaq 100 throughout the five days, up six -- 0.6%. some of the nvidia excitement has started