Cryptocpr

JPMorgan Global Research Chair Joyce Chang discusses the outlook for technology stocks, explaining why she thinks the AI capex-beneficiary story "remains one that's still very much intact." Speaking on Bloomberg Television, Chang says retail flows indicate "there is still a sentiment to buy the dips."

UBS Chief European Equity Strategist and Head of Derivates Gerry Fowler discusses the factors behind the tech selloff and where he sees value in markets. "You're going to get volatility this isn't the first time we've seen this," Fowler tells Bloomberg Television. "It's an artifice of market structure that I suspect is not going away."

South Korean stocks tumbled from a record high as investors sold off chip heavyweights on renewed concern that the rally has become overstretched. The Kospi closed down 10%, with losses extending after a 20-minute trading suspension by the Korea Exchange. Bloomberg's Neil Campling has the latest.

Plurimi Wealth Chief Investment Officer Patrick Armstrong says he sees value in the artificial intelligence supply chain, stocks such as Micron, Samsung and Nvidia. "We're underweight the Magnificent Seven the hyperscalers those are the companies that are spending a trillion dollars over the next 12 months on AI datacenters," Armstrong tells Bloomberg Television. "And we own the companies they're giving the money to."

IBM CEO Arvind Krishna says he's excited about the potential uses for quantum computing. Speaking with Romaine Bostick at the Mizuho Technology Conference in New York, Krishna also comments on the Trump administration's investment in the company, the utilization of AI and IBM's profit strategy.

Alphabet's Google placed an order with Intel to manufacture more than 3 million of its specialized AI chips in 2028, the Information reported, citing two unnamed sources. Anurag Rana has more on "Bloomberg Open Interest."

Marija Veitmane, equity research head at State Street Global Markets, discusses the artificial intelligence trade and how Middle East peace prospects impact European stocks. While an end to war and lower energy costs would benefit Europe, "it needs to come with a cyclical earnings recovery and we're just not there yet," Veitmane says on Bloomberg Television.

HPE shares soared by the most ever after the company gave an outlook for annual sales that topped Wall Street's estimates, citing massive growth in AI-fueled demand for its servers and networking. HPE CEO Antonio Neri joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech" to discuss the company's demand growth, memory prices and outlook.

Nvidia is entering the PC market with a new RTX Spark Superchip which will debut in laptop and desktop computers from leading PC brands including Dell and Lenovo this fall. CEO Jensen Huang made the announcement at the Computex trade show in Taipei. Bloomberg's Peter Elstrom reports.

Autodesk President and CEO Andrew Anagnost details the company's $3.6 billion acquisition of MaintainX, emphasizing that the deal represents a strategic move to extend Autodesk's offerings from design and manufacturing into the operational phase of the built environment lifecycle. He speaks with Matt Miller on "Bloomberg Open Interest."