From the heart of where innovation, money, and power collide.

In Silicon Valley and beyond, this is Bloomberg I'm Caroline Hyde.

And I'm Jackie Davalas in Washington.

This is Bloomberg Technology.

Coming up, the AI sell-off continues with the chip sector under pressure after earnings failed to turn the tide.

This is Chinese AI competition fuels anxiety in the United States, but stock gains over in Asia.

And President Trump is set to meet with some of the biggest U.S. tech leaders next week

to discuss the trade policy impact, U.S. manufacturing, and much more.

But first, we've got to check in on these markets.

They're still in sell-off mode.

We bounce off of our lows for the NASDAQ,

we're still off by more than a percentage point.

The NASDAQ100 dragged lower from a point's perspective by Nvidia, by Broadcom, by Amazon,

and notably we're on track for a third week of declines,

the longest losing streak since back in August. But I shine like what happened in Chinese tech.

We're up more than 5% on the Hangsang Tech Index.

We're going to delve into why with the AI impact coming from Alibaba from Tencent.

Move on and look at the individual movers that are affecting the chip trade here in the United States.

In video, off by 2.4%.

We drag lower on our points perspective.

Broadcom has its numbers after the bell. AI is still likely to drive growth, 20% in excess of

revenue gains, but we are worried more about whether they can live up to the hype cycle that

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