Tech Selloff Deepens as AI Spending Worries Investors

Bloomberg Television5 hours ago1:30:12

The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Deepwater Asset Management Managing Partner Gene Munster, Invesco CIO & Co-Head of Fixed Income Rob Waldner, TD Cowen Senior Research Analyst Andrew Charles, Huntington Bancshares CEO & Chairman Stephen Steinour, Pivotal Advisors CEO & CIO Tiffany McGhee, Susquehanna Senior Equity Research Analyst Mehdi Hosseini, JPMorgan Asset Management, Global Alternatives Strategist Aaron Mulvihill, Alex Mill Chairman Mickey Drexler, Kroger CFO Dav Kennerley, & H/L Ventures Co-Founder & Managing Partner Oliver Libby. Chapters: 00:00:00 Tech Selloff Deepens as AI Spending Worries Investors 00:03:07 Gene Munster on Meta, Tesla & the AI Trade 00:08:11 AI Debt, Rising Capital Costs & Big Tech Spending 00:11:13 Treasury Yields, Fed Risk & the Flight to Safety 00:17:03 Top Calls 00:18:03 Chipotle Downgrade, Consumer Traffic & 2027 Outlook 00:22:35 Huntington CEO on Lending, Rates & Regional Banks 00:27:14 Commercial Real Estate, Credit & Consumer Risks 00:29:39 Moderna & Merck Sink on Leaked Cancer Vaccine Data 00:34:34 Tech Selloff, Market Breadth & Defensive Rotation 00:37:09 AI Investing, Market Volatility & Portfolio Strategy 00:42:01 Big Tech Selloff Creates a Buying Opportunity 00:45:17 Closing Bell 00:50:09 Meta, Deckers & AI Power Stocks Move After Earnings 00:54:24 Market Recap: Tech Sinks as Treasuries Rally 00:56:51 Western Digital Earnings & the AI Storage Boom 01:02:05 JPMorgan on AI Financing & Private Markets 01:07:02 Private Equity, Higher Rates & Diversifying Beyond AI 01:08:45 Mickey Drexler on Deckers, Fashion & the Consumer 01:14:05 Ralph Lauren, Timeless Style & Retail Strategy 01:18:54 Kroger CFO on $5 Billion Investment & Grocery Prices 01:24:00 Midterm Elections, Affordability & the Political Center 01:29:03 What to Watch -------- 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

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