The Bloomberg Power Player Summit, presented by Invesco QQ, Invesco Distributors, Inc. comes to New York on Thursday, September 5th during the U.S. Open tennis championships.

Join us and share the court with industry leaders

as we identify the next wave of disruption

that could hit the multi-billion dollar global sports industry.

Register now at Bloomberg Live.com slash power players. That's Bloomberg Live. dot com slash Power Players.

That's Bloomberg Live.

com slash Power Players. From the heart of where innovation, money and power collide in Silicon Valley and beyond,

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. Head Live from New York and San Francisco, this is Bloomberg Technology.

Coming up, Taiwan accusing China of illegally poaching talent from its tech firms. We dig into the trade tensions.

An X goes dark in Brazil, judges confirming a countrywide suspension on the platform formerly known as Twitter.

And short sellersers are circling

some of AI's biggest question marks

as earning season it marches on.

Analysis coming up but first

a check in on the pressure on the markets. It is a risk off day to kick off September.

It is a month that generally is harder work if you're long stocks, but certainly on

the Nasdaq 100 were off by 2.3%3% added is the worst day since the beginning of August

and you're looking at the reasons why.

Yeah, there's a lot of downward pressure on the chip sector.

In fact, that's probably an understatement.

The socks down 6% is biggest drop since August 1st and

that name there is a big reason why.

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