Ed Ludlow

The scale is just otherworldly, the amounts of money that we're talking about right now.

Either the phone has got traction or they've done something smart with the timing of it and it's sold well.

The bit that's missing, of course, is that that commentary does not have anything specific to do with Greater China.

We know the numbers in Greater China are really good, but how did this iPhone do that?

This is Bloomberg Tech coming up.

AI CapEx in focus after Meta, Microsoft and Tesla all report earnings with mixed fortunes.

Plus, Apple is also set to report earnings later today with holiday season results and the impact of memory prices.

Top of mind for investors.

And Amazon reported hundreds of thousands of pieces of content it believed included child sexual abuse material, which it found in data gathered to improve its AI models.

We have the Bloomberg reporting.

And it is significant in reporting at that.

But let's turn our attention to what's happening on the markets right now, Ed, because it is a tough day to say the least.

It is all about capex in AI and you're going to go there with the individual names.

But I point to a Nasdaq 100 that's having its worst day since November of last year.

Two months now, we're down by two percentage points, some huge moves on individual names.

But crypto also languishing, we're off by 5%, we're at 84,000 at the moment.

So much for being in digital gold in this currently debasement environment.

It ain't working out for this particular area of gold because now it's just working as a risk asset.

What are you looking at?

Look, since we've come on air, there is a bit of a vibe shift or a deepening of concern around AI capital expenditures.