The Nasdaq’s Worst Quarter, Rivian Spins off “Micromobility” Startup
Bloomberg Technology
Bloomberg
4.5 • 49 Ratings
🗓️ 1 April 2025
⏱️ 44 minutes
🧾️ Download transcript
Summary
Bloomberg’s Caroline Hyde discusses the Nasdaq 100’s worst quarter in years as fears of an AI bubble weigh on investors. Plus, former FCC Chairman Tom Wheeler explains the possible impact of the Trump Administration using tariffs to protect tech profits. And Rivian CEO, RJ Scaringe, and Eclipse partner Jiten Behl, discuss the spin off of Also, a company focused on small electric vehicles for short trips.
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| 0:00.0 | Get informed no matter where you are or what you're doing. |
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| 0:08.3 | Big tech dominating our headlines. |
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| 0:30.3 | From the heart of where innovation, money, and power collide in Silicon Valley and beyond, |
| 0:37.9 | this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. |
| 1:00.0 | Live from New York, I'm Caroline Hyde, and this is Bloomberg Technology. |
| 1:05.7 | Coming up, a volatile NASDAQ, that's after posting its worst quarter in nearly three years. |
| 1:13.6 | Plus, grants from the US Chips Act in limbo, as the Commerce Secretary pushes semi-companies to expand their US projects. And amid trade anxiety and weaker Tesla sales, we sit down with the CEO of EV Giant Rivian. |
| 1:19.6 | For first, we check in on these markets that actually are trying to push back into the green after what was a pretty horrific quarter. |
| 1:28.3 | The first quarter for the NASDAQ 100 was the worst since the second quarter of 2022. |
| 1:33.6 | You are seeing the CELOS in the terms of more than 20% for many of those magnificent seven names. |
| 1:39.0 | NVIDIA down almost 20%. |
| 1:41.5 | You see Broadcom having its worst quarter in its history. |
| 1:45.0 | Let's break down the moves and what a signal for this quarter now, Isabel Lee is with us for more. |
| 1:50.0 | And it was the most loved names for 23, 24 that got punished the hardest. |
| 1:54.0 | Exactly. And altogether they shed some two trillion dollars in market cap. |
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