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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, President Trump says he discussed in Ville-200 chips with Xi Jinping will break down the latest. Plus, we speak with the CEO Figma after its earnings results to five fears that AI would disrupt the design stack.

And our conversation with Open AI CFO Sarah Fryer who says the startup may raise more capital after completing its recent fundraising round. Carrie's got the markets. I have. Let's check in on them. We're currently seeing the NASDAQ 100. Actually having its worst day since March the 27th at the moment, Ed, was it off by 1.3%? Look, over the course of the week, it's not nearly so ugly. We're actually down about about a tenth of a percent, but on this day, it is the chip stocks in particular. And I'm looking at Micron on the downside. That's a key points drag. You're looking at Nvidia as well. Look, this is the day in which we digest what happened over in Beijing. Yes, and that is reflected in semiconductors in part. So the Philadelphia Semiconductor index or socks is the main gauge of chip makers,

chip equipment makers. It's down almost 4%. You have to take into account the astonishing

rally in chip stocks year to date, 70% or something prior to yesterday's close.

Invidia at one point in the session, its off session lows, was down on track for its biggest

decline since February, in part, as I say, because the market's digesting, what was the net

outcome of the meeting between President Trump and President G for Nvidia and for chips?

Here's President Trump talking about Nvidia's H-200 chips

on Air Force One earlier today.

As you know, Jensen was there,

is an amazing guy, Navidian,

...