The Bloomberg Sustainable Business Summit returns to Singapore on July 22nd.

Our fifth annual Asia Pacific Summit will explore how business and finance leaders are shaping the next phase of globalization by strengthening resilience, advancing climate adaptation and driving a multi-speed energy transition across Asia's diverse markets.

Join us for solutions-driven discussions,

interactive workshops and networking opportunities. Learn more at Bloomberg Live.com

slash SBS-S-Singapore.

Bloomberg Audio Studios, Podcasts Radio News.

Thank you. Radio Studios. Podcasts, Radio News. Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Lovlo in San Francisco.

I'm Tim Steneveck, in for Caroline and Ed today.

This is Bloomberg Tech.

Coming up, SpaceX coming back down to Earth with a slightly lower valuation and its IPO will break down Y.

Plus, Anthropic closing a funding round at a whopping $965 billion valuation.

It surpasses open AI for the first time in the AI race.

And Dell surges after the hardware giant's outlook far surpassed Wall Street estimates.

We're going to hear from the CFO just a little later this hour.

First though, let's take a check on these markets on this holiday shortened trading week this Friday morning.

The NASDAQ 100 continuing

to push to new records with the market buoyed by hopes that a ceasefire deal could bring an end

to the Iran conflict as well as the relentless AI optimism trade. The tech benchmark index up about

3% on the week, more than 10% just this month. This is AI enthusiasm since Dell shares to a new record

climbing today, more than 30% higher by 29% right now. Dell gave an outlook for annual sales

that far surpassed analyst estimates it fueled, fueled by demand for servers that power AI work.

Let's also take a look at today's big number. It is $1.8 trillion.

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