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

This is Bloomberg Tech.

Coming up, Netflix gives a lackluster forecast for the second quarter,

while chairman and co-founder Reid Hastings steps down after 29 years at the company.

Plus, the US government plans to make a version of Anthropics mythos model available to major

federal agencies to tackle cyber

risks despite the ongoing legal feud with the Pentagon.

And Sequoia Capital raises $7 billion for its latest expansion fund targeting AI giants

like OpenAI and Anthropic.

We have details later in the hour.

Such great scoop, Ed, that you've got.

Meanwhile, let's look at what the markets are doing. Extraordinary moves. And once again, it's because we get an extraordinary barrage of news

when it comes to the Middle East in conflict. The Strait of War moves promised to be open for commercial

vessels at least. Oil absolutely tumbles down some 12% as hopes that suddenly will get supply chain eases coming. We're off by

12% now at one point it was a record move for Brent. I'm looking at therefore still a record high

for the NASDAQ 100 up 1.3%. This is another almost 30, we're seeing just trillions added over the

course of the last few trading days. I want to look at what's happening in terms of the last 13 days.

This is the longest streak that we've seen in years. We're currently up some 16% at the moment. Ed, it is notable the amount of gains that we see in the NASDAQ, how long they have been for, and even today, despite one key drag on the market that you're looking at. 13 days for the first time since 2013. The technology story is in the markets. Microsoft is up

2.5% this Friday. But on the week, it's heading for its best week since 2007. There's no one single

story or catalyst out there, but there's just momentum generally.

Intel similarly, we've been talking about Intel being an outperformer, even in spite of the

...