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Bloomberg

AI Sales Start to Justify Data-Center Spending Boom, Report Says

Revenue from AI has reached a tipping point, showing that the hundreds of billions of dollars tech companies are spending on it may be economically sustainable, according to a report from research firm Exponential View. Azeem Azhar, founder of Exponential View, joins Ed Ludlow on "Bloomberg Tech" to discuss the findings of this report.

Leia mais: AI Sales Start to Justify Data-Center Spending Boom, Report Says
Bloomberg

Apple Hikes Prices to Counter Memory Shortages

Apple raised prices of Macs, iPads, home devices, and the Vision Pro to offset cost hikes caused by a shortage of memory chips and storage. Bloomberg's consumer tech lead Mark Gurman joins Ed Ludlow on "Bloomberg Tech." Correction: This video has been edited with an updated graphic which reflects the new price of the iPad Pro is $1,199.

Leia mais: Apple Hikes Prices to Counter Memory Shortages
Bloomberg

Darden Posts Weak Outlook as Olive Garden Sales Disappoint

Darden Restaurants Inc. posted a cautious overall profit outlook as same-store sales at Olive Garden trailed expectations, raising questions about demand that overshadowed better-than-expected earnings. Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, breaks down the earnings and gives his outlook for the broader food service industry.

Leia mais: Darden Posts Weak Outlook as Olive Garden Sales Disappoint
Bloomberg

Bob Sloan's Market Positioning Warning

Markets may be near record highs, but Bob Sloan, S3 Partners Founder & Managing Partner says the real story is happening beneath the surface. He joins Bloomberg Open Interest to explain why passive investors are fueling AI stocks higher while hedge funds quietly sell into the rally and why tracking investor positioning may be just as important as earnings or valuations.

Leia mais: Bob Sloan's Market Positioning Warning
Bloomberg

Gold Steadies Near $4,000 as Traders Weigh Interest-Rate Outlook

Gold steadied after the release of US economic data, as traders slightly pulled back on expectations for interest rate hikes. Suki Cooper, Global Head: Commodities Research at Standard Chartered Bank, discusses her outlook on the precious metals space and why central banks are buying gold amid the pullback.

Leia mais: Gold Steadies Near $4,000 as Traders Weigh Interest-Rate Outlook
Bloomberg

US Consumer Spending Picks Up as Inflation Hits Three-Year High

US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years, suggesting Americans are powering through the fallout from the Iran war. Rob Sockin, Chief US Economist at PGIM Credit, reacts to the PCE data and explains how the Fed might react to the numbers.

Leia mais: US Consumer Spending Picks Up as Inflation Hits Three-Year High
Bloomberg

IBM Rallies on New Chip; McCormick Moves on Guidance | Stock Movers

On this episode of Stock Movers: - IBM (IBM) shares gained in premarket trading on Thursday after the technology giant unveiled the world's first sub-1 nanometer (nm) chip technology. - McCormick (MKC) is moving after it reported second-quarter profit that beat estimates, buoyed by higher prices and a tariff refund, and reaffirmed its full-year guidance. - Darden Restaurants (DRI) shares fell after its same-store sales at Olive Garden trailed expectations, raising questions about demand at the company's largest chain and overshadowing better-than-expected earnings.

Leia mais: IBM Rallies on New Chip; McCormick Moves on Guidance | Stock Movers