Tech Earnings: Google’s Spending, Arm’s AI Data Center Push
Bloomberg Tech
Bloomberg
4.4 • 69 Ratings
🗓️ 5 February 2026
⏱️ 44 minutes
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Summary
Bloomberg’s Caroline Hyde and Ed Ludlow discuss tech earnings as investors react to a huge capital expenditure increase from Google. Plus, Arm CEO Rene Haas explains the chip designer’s outlook and growth in its data center business. And Qualcomm CEO Cristiano Amon talks about the potential impact from component shortages on its revenue for the period.
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Transcript
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| 0:00.0 | Bloomberg Audio Studios, Podcasts Radio News. |
| 0:11.6 | Bloomberg Tech is live from coast to coast, with Caroline Hyde in New York and Ed Lovelow in San Francisco. |
| 0:22.3 | This is Bloomberg Tech. |
| 0:23.9 | Coming up, Qualcove and Arm out with their earnings will break them down with the two CEOs, |
| 0:28.0 | Cristiano Amon and René Huss. |
| 0:30.1 | Plus Alphabet's Cappex mic drop. |
| 0:32.4 | Record spending plans hit the stock despite strong earnings. |
| 0:36.2 | And Bitcoin falls below 70,000 US dollars for the first time |
| 0:40.1 | since late 2024. We'll break down the negative momentum impacting crypto markets. And that negative |
| 0:46.5 | momentum is affecting markets more broadly at the moment. Check out the NASAC off by 1.4% we are |
| 0:51.3 | trading the lowest since November right now at the moment, Ed. We are seeing pain across the board and and that's why we've got to go to our Bloomberg's cross-asset reporter. I'm pleased to say we can dig into all of these moves across asset classes with Alexandra Zemanova, who's with us now. I don't know where to look at the moment. Everything is in the red. It has been a really ugly week, Caroline. We have obviously seen corrections in tech over the last three years since the launch of ChatGPT, |
| 1:16.1 | but nothing has rivaled the sheer magnitude of this sell-off that we're seeing in the sector |
| 1:20.7 | across various assets hitting both stock and credit markets. Software stocks, of course, |
| 1:26.3 | have been at the forefront of this. They're down |
| 1:28.3 | about 15% this week and 29% from their all-time highs in September. It's also important to note |
| 1:34.3 | that this sell-off has triggered a number of extreme levels from a technical perspective. The share of |
| 1:40.0 | software stocks at oversold levels eclips 70% yesterday. That is an all-time high in the broader |
| 1:46.5 | tech sector. That share is about 45% also a record. And another barometer of how painful it has |
| 1:52.6 | been, the iShare's expanded tech software ETV, that is ticker IGV, compared to the S&P 500, |
| 1:58.8 | is the most oversold that it has ever been. |
| 2:01.0 | And of course, that risk-off sentiment is spreading today. |
| 2:03.9 | What we've seen so far is that it has really been focused on tech. |
... |
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