John Tucker

It looks like a case of sell now, ask questions later.

And to that, the fact that investors growing impatient about returns from all the CapEx spending.

Anika Gupta is at WisdomTree.

Now, in this environment, Microsoft has been crushed.

The software giant down close to 25 percent from October.

J.P.

Morgan analyst Toby Ogg says we're now in an environment where the sector isn't just guilty until proven innocent, but is now being sentenced before trial.

In New York, I'm John Tucker, Bloomberg Radio.

And Karen, the theme that seems to have gripped investors is that AI is going to be able to do much of the stuff that software companies do, making their products far less important.

That was reinforced when the AI firm Anthropic released an AI tool that does legal work.

It looks like a case of sell now and ask questions later.

They add to that the fact that investors are growing impatient about returns for all that CapEx spending.

Anika Gupta is at WisdomTree.

Now, in this environment, Microsoft has been crushed down close to 3 percent.

Yesterday, the software giant down close to 25 percent from October.

In New York, I'm John Tucker, Bloomberg Radio.

Good morning, Karen.

The world's richest man looking to fuel his increasingly costly ambitions in AI and space exploration.

The acquisition of XAI was announced in a statement on SpaceX's website, signed by Elon Musk and confirming a Bloomberg report from yesterday.

This deal brings together two of the largest closely held companies in the world.