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Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Lovello in San Francisco.

This is Bloomberg Tech coming up.

Arm warns of some sluggishness in the smartphone industry but shows AI data center growth is there to offset the slump.

We'll discuss with the CEO.

Los Anthropics signs in agreement with Elon Musk's SpaceX to access computing resources

from its competitor.

And we speak with the CEO of Hawkeye 360.

That says the satellite surveillance firm raises $416 million in its IPO.

But first we check in on these markets that on the tech side of the equation managed to sustain the rally.

We're at a new record high. We're up for a third straight day, but importantly, we're up on the week,

and that's a sixth straight week of gains. I haven't seen that in a couple of years, in fact, on the NASDAQ 100. We still seeing that optimism around AI. We, of course, have the clouds of geopolitics, and in many ways we are somewhat concerned about whether or not AP still will be moving forward with Iran and the United States. So otherwise, trade is taking perhaps a little bit more cautious tone on other benchmarks, but tech drives higher, let's look at how the earnings continue to flow through. Look, I'm focusing in on

arm. It's having a rough day, we're off by some 8%, but build into the context that this is a stock

...