Tech Rallies on Meta Muse & Alibaba’s China AI Chip

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Alibaba is rolling out what it calls China’s most powerful AI chip, an accelerator to compete with Nvidia and underpin a massive expansion of data center capacity in coming years. Global AI stocks rallied, with Taiwanese shares returning to a record high. This after Meta's new artificial intelligence agent, Muse, quickly rose to the top of mobile app charts, a sign that the social media company is gaining traction in the increasingly crowded market for consumer AI assistants. Today's guest: Lauren van Biljon, Allspring Global Investments, Senior Portfolio Manager, Global Fixed Income Team. Chapters: 00:00:00 - Daybreak Europe 00:01:08 - Meta's New Muse AI App Tops Charts 00:03:30 - Tencent Surges as Meta's Muse Boosts Sentiment 00:09:11 - Alibaba Rolls Out China's Most Powerful AI Chips 00:15:19 - Diesel Shock Adds to Inflation Pressure 00:17:40 - China and US Discuss AI, Investment 00:19:43 - Trump to Host Xi at White House Thursday 00:22:12 - Merz Vows to Stay After CDU Election Debacle 00:24:30 - Meta-Fueled AI Rally Loses Steam in Asia as Caution Returns 00:26:48 - Oil Edges Higher as Traders Monitor Supply Risks 00:28:47 - Lauren van Biljon, Allspring Global Investments, Senior Portfolio Manager, Global Fixed Income Team 00:32:06 - AI Trade Roars Back 00:36:15 - Latvia Sees Russia Expanding Sabotage Campaign Across Europe 00:41:29 - Novo Disappoints on Capital Markets Day -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts