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Bloomberg Tech

The DOJ Investigates Nvidia and Tech Stocks Whipsaw

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 4 September 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down the DOJ's Nvidia investigation and tech stocks whipsawing as investors question whether the AI euphoria has gone too far. Plus, how Intel’s money woes are throwing the Biden administration’s chip strategy into turmoil.

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Transcript

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0:00.0

Behind the Bright Lights and Adrenaline of Pro Sports is an equally exciting world of

0:05.5

negotiations and deal-making.

0:07.8

That's what we cover each week on our podcast, The Deal.

0:11.0

I'm Alex Rodriguez, former baseball player turned business executive.

0:14.7

And I'm Jason Kelly, chief correspondent at Bloomberg Originals.

0:17.8

Every Thursday we talk to all-stars like Serena Williams and Derek Jeter, as well as the brains behind brands like the Harlem Globetrotters and

0:24.6

Nasdaq.

0:25.6

Listen to the deal wherever you get your podcasts.

0:28.1

From the heart of where innovation, money and power collie in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Edla Lo Loa. Live from New York and San Francisco. This is Bloomberg Technology coming up.

0:59.0

The DOJ's Invidia investigation, it heats up. Is it anti-competitive we discuss after

1:05.1

yesterday's historic sell-off and in markets tech whipsaws is investors

1:10.3

question whether the AI euphoria has gone too far.

1:14.0

And Intel's frustration about accessing money from the Chips Act?

1:17.6

We have the Bloomberg exclusive reporting.

1:19.7

But first, we check in on these markets. After a historic sell-off, I shine a light on what is the Semiconductor Index.

1:27.0

The Sox Index is its colloquially known.

1:30.0

It had its worst sell-off since March 2020 yesterday. We bounce back but only some and

1:35.2

we're still off by 6.3 percent but the nitty gritty was pretty amazing.

1:40.1

Yeah one of the biggest contributing factors is in video. I go straight to the bigger picture.

1:46.0

The stock is now in the moment at a session high 1.6%.

1:50.0

It had been down as much as almost 3.5% in the session.

...

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