SpaceX shares surged 35% following the expiration of its first post-IPO lockup, adding roughly $500 billion in market value and defying fears that insider selling would weigh on the stock. Bloomberg's Carmen Reinicke explains why more lockup expirations could bring fresh volatility. She joins Ed Ludlow on "Bloomberg Tech."
Lori Keith, Parnassus Investments portfolio manager and senior analyst, says megacaps are not the only way to play the AI boom. She shares where she sees opportunities in mid-caps -- from the companies powering the buildout to those using AI to boost productivity. She joins Ed Ludlow on "Bloomberg Tech."
Anthropic PBC is in talks to buy the artificial intelligence startup Decart AI for about $6 billion, according to people familiar with the matter, in what would be the Claude maker's largest known acquisition. Bloomberg's Ed Ludlow joins to discuss.
Oil snapped its run of recent gains, as limited progress over a deal to end the Iran war left traders parsing how much oil is crossing the Strait of Hormuz. Francisco Blanch, Head: Commodities & Derivatives Research at Bank of America, discusses the global energy crunch and commodity outlook.
Cisco Systems Inc. shares fell after the company projected $7.5 billion in AI data center sales this fiscal year, which disappointed investors. CEO Chuck Robbins says the guidance is good and prudent. Bloomberg's Woo Jin Ho reports.
Tapestry reported strong quarterly earnings driven primarily by its Coach brand, which accounted for $1.6 billion of the $1.9 billion in net sales and continues to deliver double-digit growth. Despite beating on many metrics and providing a revenue forecast in line with estimates for the new fiscal year, the stock fell sharply as investors were expecting more, especially after a 20% run-up prior to the report.
Lee Klaskow, Senior Logistics Analyst at Bloomberg Intelligence, discussed how container shipping companies are managing disruptions caused by route restrictions and geopolitical tensions. Despite only about a third of typical Suez Canal routes currently in use, companies remain confident that full utilization will resume over time, with alternative routes around Africa available if needed.
Private-market investing is becoming more accessible, but Ann Berry, Threadneedle Ventures Founder, is warning investors not to confuse accessibility with transparency. She joined Bloomberg Open Interest to explain why valuing private companies requires specialized expertise, why ordinary investors may struggle to assess the underlying businesses, and why these new publicly traded funds require extraordinary trust in their managers.
The number of employers who expect entry-level workers to be AI-competent has nearly tripled since last fall, according to the National Association of Colleges and Employers. Workers' anxiety about AI has surged, along with demand for quick training programs. Virginie Maisonneuve, Founder at Maisonneuve Global Advisors, discusses inflation, rates, and the dual impact of AI on prices and the labor market.
Liftoff CEO Jeremy Bondy joined Bloomberg Open Interest to break down the mobile adtech company's first earnings report since going public, including 35% revenue growth. He explains how Liftoff's Cortex AI competes for advertising dollars, why existing customers are spending more and how AI could create a double growth opportunity across the mobile app economy.
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