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Anna Edwards, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Investors began the week on an optimistic note with the tech sector helping stocks recover from a global selloff. They were however dealt a mixed hand. News of Anthropic's blockbuster IPO and Coreweave results helped fuel sentiment but markets also grappled with post midterm capital rotation before being hit by a scandal involving Nvidia's CEO Jensen Huang. The Opening Trade spoke to market experts and industry leaders as a volatile week rattled the AI trade but could see Europe benefit from recent market turmoil as investors seek safe harbour.

Société Générale CIB Chief US Equity Strategist Manish Kabra tells Bloomberg's Anna Edwards and Tom Mackenzie he will focus on companies using AI rather than building AI in 2027, pointing to the cyclicality of the semiconductor trade. "Semis historically are always a yo-yo index. It goes up a lot. It comes down a lot," he says on The Opening Trade. "The conviction to adopt AI is feeding into hyperscalers. It's feeding into frontier labs. And that's what backwards feeds into the AI capex cycle. I think the feedback from the S&P 500 outside the tech sector is still we want to adopt AI and not ignore it."

SpaceX and Tesla are progressing in their merger negotiations, setting the stage for a combination that could redefine the limits of global dealmaking. Elon Musk's two largest companies could announce what would be the biggest-ever deal as soon as in December, according to people familiar with the matter. Bloomberg's Manuel Baigorri has more.

Jim Atkinson, President & CEO at Guinness Atkinson Funds, discusses the launch of the firm's new K-beauty ETF and his outlook for demand. He speaks on Bloomberg's ETQ IQ Asia.

Carolyn Everson, a board member at Coca-Cola, Disney and Under Armour and a senior advisor at Permira, discusses how boards respond to allegations involving executives. Everson speaks with Romaine Bostick and Jess Menton on "The Close."

Charles Elson, founding director of the University of Delaware's Weinberg Center for Corporate Governance, says Nvidia's board should have had a clearer succession plan and stronger oversight in place. He speaks with Romaine Bostick and Jess Menton on "The Close."

Nell Minow, Chair at ValueEdge Advisors, says she was surprised that Nvidia lacked an independent board chair and a formal succession plan. She discusses the allegations regarding Jensen Huang in an interview with Romaine Bostick and Jess Menton on "The Close."

Chris McGuire, a senior fellow for China and emerging technologies at the Council on Foreign Relations and former Biden administration technology and national security official, says the key question is not whether export controls can work, but whether they are being enforced. McGuire speaks with Romaine Bostick and Jess Menton on "The Close."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Jess Menton, Carol Massar and Tim Stenovec.

Cisco Systems gave a sales forecast for the current quarter that exceeded Wall Street estimates and raised its annual outlook. Woo Jin Ho has more on "Bloomberg The Close."

Lauren Cassidy, Founder & Chief Investment Officer, at Founders 100 ETF says the Nvidia board should leave the door for Nvidia CEO Jensen Huang to return dependent on the results of the investigation because he has been an 'incredible executive.' Huang was ousted from his post after reports of three affairs, including one with a woman suspected of spying for China. Longtime Chief Financial Officer Colette Kress is taking the job of interim CEO, Nvidia said on Thursday, and Huang will no longer have ties with the chipmaker. The board, which has never had a chair before, appointed director Harvey Jones to that role.