4.5 • 49 Ratings
🗓️ 10 March 2025
⏱️ 43 minutes
🧾️ Download transcript
Bloomberg's Caroline Hyde and Jackie Davalos discuss ServiceNow's move to buy startup Moveworks for $3 billion. And, Crypto markets sink further as tariff tensions permeate investor sentiment despite pro-crypto announcements. Plus, President Trump says a deal for TikTok's US business could come "soon".
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0:00.0 | Bloomberg Audio Studios, |
0:04.7 | Podcasts, Radio, News. |
0:07.6 | From the heart of where innovation, money, and power collide, |
0:12.6 | in Silicon Valley and beyond, |
0:15.1 | this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. |
0:20.1 | Thank you. technology with Caroline Hyde and Ed Ludlow. |
0:36.4 | Live from New York, I'm Caroline Hyde. |
0:38.9 | And I'm Jackie Davalas in Washington. |
0:40.5 | This is Bloomberg Technology. |
0:46.4 | Coming up, Service Now makes a nearly $3 billion AI bet in a move to buy startup Moveworks. |
0:53.4 | Plus, crypto sinks further with Bitcoin's sub-80,000 as tariff war tensions drown out Trump's pro-crypto announcements. While President Trump says he's negotiating with four different possible buyers for TikTok's |
0:59.0 | US business, and a deal could come soon. |
1:01.0 | But first, we highlight the market sell-off. |
1:04.0 | We are unwinding that AI trade once again. |
1:07.0 | When growth enthusiasm becomes fear, we're down by 3.3% on the NASDAQ 100, having its worst days, it's December the 18th. We are the lowest since September 2024. The MAG 7 sinks in particular. We're looking at 5.4% drop. Apple now sub 3.5 trillion dollars. You're looking at Nvidia well below 3 trillion. We're about 2.6 trillion dollars in terms of market capitalization. |
1:30.3 | We're off by another 5.6% as we think about what tariffs and what overall geopolitical tensions mean for this AI trade that we were so long at the beginning of this year. |
1:40.3 | Move on and even look at TSM. They come out with good numbers. Analysts like the pace of |
1:45.1 | growth in excess of 40% for the month of February in terms of sales, all eyes and whether they can |
1:49.4 | live up to their own internal guidance for their fiscal first quarter. But the AI demand still |
1:54.8 | clearly there when it comes to the making of chips, but it is dragged lower by sentiment. Let's |
1:59.9 | get to that sentiment. Bloomberg's Ryan Vestelika here, and boy, are we continuing these gyrations in the market. |
2:05.6 | Yeah, absolutely. |
... |
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