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Goldman: Could Make Sense to Diversify Away From Chipmakers

Christian Mueller-Glissmann, managing director for portfolio strategy and asset allocation at Goldman Sachs, discusses the tech selloff and why he thinks it could make sense to diversify away from semiconductor makers and lean more toward hyperscalers. "These are incredibly cyclical companies," Mueller-Glissmann tells Bloomberg Television. "So to some extent, it could make sense to diversify a bit away from them."

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Bloomberg

Southern Italy Drives Economic Growth

Naples is leading a regional revival in Italy, fueled by European Union cash and investments in technology and infrastructure. The economy of the Campania region, where Naples is located, grew 0.9% last year, outstripping the 0.7% in Milan's province of Lombardy and well ahead of the 0.5% national average, according to Bank of Italy data. Bloomberg's Alessandra Migliaccio reports.

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