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From the heart of where innovation, money and power collide in Silicon Valley and beyond,

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. Live from New York and San Francisco, this is Bloomberg Technology.

Coming up, Apple iPhone Confidence, but regulatory risks.

Details ahead.

Plus Business Week's definitive story on Rivian's EV turnaround plan.

And a look at Neurlink and its competitors as Musk tease up a new implant.

But first, let's check in on the broader tech industry. as Musk tease up a new implant.

But first, let's check in on the broader tech index right now.

Ed, I'm afraid that soothing of concerns around inflation

has not driven up the tech stocks.

Bond markets, yes, they are on fire,

but today the Nasdaq is off by 1.2%.

Some key players on the downside,

and video being won.

But you're looking at other key names that are currently under pressure. Yeah, Apple, and Apple is a big points drag. There are so many headlines out. In the

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