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Bloomberg Tech

China Tech Stocks Surge, US Chips Get Boost

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 24 September 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down why China tech stocks are on a tear after Beijing's push to boost growth. Plus, US chips get a boost too with a bill headed to Biden's desk that cuts red tape, and Citigroup's head of tech deals discusses all things M&A.

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Transcript

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0:00.0

Join us in Los Angeles or virtually on October 8th for Bloomberg's business value of AI event and networking reception.

0:06.7

This event will gather business and technology executives to share their experiences and provide insight into their strategies for deploying AI that

0:14.0

achieves a desirable ROI.

0:16.2

You'll also learn how companies have successfully implemented AI solutions that have improved productivity

0:20.9

and profitability.

0:22.4

This program is proudly sponsored by IBM.

0:25.0

Register at Bloomberg Live.com slash AI slash radio.

0:29.0

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

0:37.0

this is Bloomberg Technology with Caroline Hyde and Edla Loa. Lo. Live from New York and San Francisco. This is Bloomberg Technology.

0:57.0

Coming up, China Tech stocks on a tear after Beijing's push to boost growth.

1:04.0

And the CHIPS Act gets a boost too,

1:05.8

with a bill headed to Biden's desk that cuts red tape.

1:09.1

And we discuss all things M&A,

1:11.7

the Citigroup's head of tech deals. But first let's check in on these markets

1:16.0

and we start with the move of the day ed. It is China stocks. It is China tech stocks and

1:21.7

we shine a light on the Golden Dragon Index here.

1:24.0

We are up more than 6%. What does that mean? It is the biggest move in more than a year and we're up

1:28.0

trading at the highest level in more than three months.

1:31.0

Stimulus to the Chinese economy, it helps some of the key names

1:33.6

that you're watching. Yeah and understandably those two key names are

1:37.6

Ali Barber and JD.com. E-commerce focus names but also multifaceted tech

1:42.3

companies.

...

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