Nvidia's Competitors Should Be Scared, Ross Gerber Warns
Gerber Kawasaki Wealth and Investment Management co-founder and CEO Ross Gerber sees a really exciting time for tech as space and AI converge. He speaks on "Bloomberg The Close."
Gerber Kawasaki Wealth and Investment Management co-founder and CEO Ross Gerber sees a really exciting time for tech as space and AI converge. He speaks on "Bloomberg The Close."
Elon Musk's rocket, satellite and AI company is effectively basing its pitch for the biggest IPO in history on the idea that it can capture a huge share of the market from the likes of OpenAI, Anthropic PBC and Alphabet Inc.'s AI systems: technology that will eventually automate large swaths of white-collar and administrative work, creating a massive market for software that can perform digital tasks traditionally handled by humans. Nancy Tengler, Laffer Tengler Investments joins Bloomberg Businessweek Daily to discuss the flurry of IPO's.
Keir Starmer's 2024 landslide became a sinkhole in under two years. Bloomberg Originals explains how British politics collided with economic reality, fueling a revolving door of prime ministers.
Diane Swonk, Chief Economist at KPMG joins Scarlet Fu on "Bloomberg Markets." US mortgage rates surged this week to the highest level since August, threatening a spring selling season that was just starting to get a pulse. The average rate for 30-year fixed loans jumped to 6.51% from 6.36%, the biggest weekly increase since the end of March, Freddie Mac reported on Thursday.
Teva Pharmaceutical Industries (NYSE:TEVA) and Medincell announced Thursday that the European Medicines Agency has accepted their Marketing Authorization Application for TEV-749, an investigational long-acting injectable formulation designed to treat adults living with schizophrenia.
Laura Champine, director of research, consumer sector head at Tabor Asset Management, joins Scarlet Fu on "Bloomberg Markets. Walmart warned rising fuel costs are squeezing the company's bottom line and could lead to higher prices for shoppers.
Alifia Doriwala, co-chief investment officer at RockCreek, joins Scarlet Fu on "Bloomberg Markets." A standoff between the US and Iran over key issues lifted oil prices, dragging down stocks and bonds on concern that a prolonged closure of the Strait of Hormuz could worsen energy disruptions and fuel inflation.
Bloomberg's Jack Ryan joins Scarlet Fu on "Bloomberg Markets." Gold declined on persistent concerns that elevated energy prices stemming from the ongoing Middle East conflict may force central banks to keep interest rates higher for longer.
Oil gained Monday as traders weighed conflicting reports on Iran's uranium enrichment, a key sticking point in peace negotiations with the US that could dictate the pace of reopening the vital Strait of Hormuz. West Texas Intermediate traded above $101 a barrel Monday after sliding 5.7% in the previous session. Prices pared some gains after Al Jazeera reported no new uranium directive had been issued, citing an unnamed Iranian official. Traders have been on high alert for clues on the status of negotiations between the US and Iran to parse when the strait subject to a double blockade by Tehran and the US military might reopen and to gird against a potential return to active fighting. The virtual closure of the waterway, a key global energy shipping route, has caused energy prices to soar. We get reaction from Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence.
A part of Nvidia CEO Jensen Huang's latest message to investors is that Nvidia isn't just selling chips to Big Tech anymore: it's supplying the picks and shovels for an AI gold rush, where startups are building everything from AI agents to humanoid robots and robotaxis on Nvidia compute. One of the key backers of that ecosystem is Sarah Guo, founder of AI-native venture firm Conviction. She joins Ed Ludlow on "Bloomberg Tech."
President Trump says the US wants the Strait of Hormuz to be open and free of tolls. Iran is in talks with Oman to set up some form of a permanent toll system. Trump spoke to reporters at the White House.
Nvidia aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support AI ambitions. Tony Wang, portfolio manager of the T. Rowe Price Science and Technology Fund, joins Ed Ludlow on "Bloomberg Tech."