Bloomberg News and Videos — Page 229

A global rout in tech stocks began in Asia where a selloff in Korean chipmakers stoked concerns about the sustainability of the artificial-intelligence driven rally. Bloomberg's Carmen Reinicke reports.

Former SEC Chairman Gary Gensler says AI leaders and hyperscalers need to generate meaningful revenue and productivity gains to meet current market conditions. He spoke with Paul Sweeney and Tom Keene on Bloomberg Surveillance.

On this episode of Stock Movers with Nathan Hager: - SpaceX (SPCX) is heading towards its fourth day of losses, and is currently above its lowest trading price ($149.34 on its IPO) as it continues to approaching that figure. - IBM (IBM) shares are climbing on news that the company and OpenAI are bringing AI to cyber defense. - AMC Entertainment (AMC) shares are lower after the movie theater operator entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock for gross proceeds of around $200 million.

Oklo Co-Founder and CEO Jake DeWitte joined Bloomberg Open Interest to talk about how America's nuclear resurgence is accelerating as government support, fuel supply improvements, and private capital unlock new reactor development. He reveals Oklo is targeting power production in roughly two years and argues the AI-driven data center boom is creating a market large enough for both large-scale and advanced modular nuclear reactors to thrive.

Apollo is again capping withdrawals from its flagship private credit fund after investors requested redemptions far above the 5% limit. Bloomberg's Silas Brown joins Bloomberg Open Interest to explain why the biggest private credit firms may be the most exposed to retail investor outflows and why the next quarter could reveal whether this is a temporary reaction or a broader industry risk.

SpaceX shares are looking to bounce back on Tuesday after a three-day selloff wiped off more than $600 billion from the Elon Musk-led rocket and satellite company's market value. Shares are still up roughly 10% from its $135 initial public offering price. Pierre Ferragu of New Street Research says a cautious AI trade could be weighing on the stock. He speaks on "Bloomberg Surveillance."

President Donald Trump said funds released to Iran from frozen accounts will be "controlled by the U.S.A." and only to be used to purchase food and medical supplies from the US. Trump made the statement in a post on Truth Social on Tuesday. Tyler Kendall reports on Bloomberg Television.

"If you want to be longer risk, you can't wait too long," says Kate Moore, CIO at Citi Wealth, as she sees market pullbacks creating an opportunity to deploy capital during inflationary periods.

Andy Burnham is under pressure to outline an economic plan for the UK following his sudden and spectacular rise toward the pinnacle of British politics. Bloomberg understands the Labour leadership hopeful will give a set-piece speech on the economy next week as he seeks to lay out his stall ahead of that contest. Former Bank of England Governor Mervyn King was asked by Caroline Hepker and Lizzy Burden how the potential next Prime Minister should be thinking about the economy.

Jayati Bharadwaj, head of FX strategy at TD Securities, discusses the potential for yen intervention as the currency trades near its weakest level in four decades against the dollar. She speaks on "Bloomberg Surveillance."