Ed Ludlow

Or do you think we're going to be front-loading this?

Are we awaiting Amazon to come straight out the gates, given you've just put out a note about their really strong fundamentals?

Who else benefits in this scenario?

Because I'm seeing notes out today saying, actually, they don't like NVIDIA.

They don't like AMD.

I'm talking about Lynx equities, for example, because they are worried that OpenAI isn't going to be there with a better update, with enough conviction to be able to be purchasing the chips that go inside the Oracle data center, Gil.

What's interesting, Gil, is that we've heard a lot about the potential of OpenAI having their own chips.

Why not more of a Broadcom win?

Why do they even stick with Nvidia here?

Gil Luria, it's always great to have you on the show.

Yay, Davison.

Thanks for bringing us the latest on your research.

Meanwhile, coming up, we're going to discuss Bitcoin's slump, its future in the macroeconomic environment with Jalek Chobaputra from Future Perfect Ventures.

That's next.

This is Bloomberg Tech.

Bitcoin, well, it's slipped back below 70,000, as you can see on the day, following a pretty rollercoaster ride at the end of last week.

A slump from a peak of $126,000 in October last year, remember, which comes in spite of crypto-friendly White House, surging institutional adoption.

Let's just set the scene with Bloomberg's cross-asset reporter, Isabel Lee.

Often on the weekend, there's thinner liquidity, so we see bigger moves.

And it seemed to be to the upside.