Nvidia's Slide and Apple's EU Fines

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.5 • 49 Ratings

🗓️ 24 June 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bloomberg's Ed Ludlow breaks down Nvidia sliding for a third consecutive day and wiping out $400 billion off its market cap. Plus, Apple faces billions of euros in fines over its App Store rules under the EU's Digital Markets Act, and car sellers warn of a possible material hit from the CDK cyberattack.

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0:00.0	The Bloomberg Sustainable Business Summit returns to Singapore on July 31st for solutions-driven discussions on unlocking growth in times of increased ESG scrutiny and competition.
0:12.0	Join global business leaders and investors
0:15.0	to drive innovation and scale best practices
0:17.7	in sustainable business and finance.
0:19.9	Learn more at Bloomberg Live.com
0:22.0	slash Sustainable Viziz Singapore.
0:24.3	That's Bloomberg Live.com
0:26.0	slash Sustainable Biz Singapore.
0:31.2	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 Ed Ludlow. in Edna at in San Francisco. Caroline hides off. This is Bloomberg Technology coming up.
1:00.0	Invidia Slides for a third consecutive day,
1:02.9	almost $400 billion wiped off its market cap.
1:06.4	Full coverage ahead.
1:07.7	Plus Apple facing billions of euros in fines
1:10.7	over its App Store rules under the EU's Digital Markets Act.
1:15.0	Details to come.
1:16.3	And car sellers warn of a possible material hit from the CDK cyber attack.
1:21.6	We have all the latest from one of our big tech editors. This is what
1:25.2	financial markets look like to start this week. Happy Monday to all of you watching
1:29.2	around the world. The S&B 500 actually modestly higher. We're going to get into this very shortly but in
1:34.3	Vidia which is the most expensive stock on the S&P 500 is a real drag.
1:39.7	The NASD 100 down 3 tens of a percent. Yields pushing a little higher 4.26% on the US 10 year.
	...

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