Robert Peston

We're up four tenths of a percent as Nvidia and some of the key other players, particularly Micron, Microsoft, Broadcom, all turn into the green.

We're now up four tenths of a percent.

But on the week, we're still under some pressure.

Bitcoin's still under some pressure.

We're by 6.6% over the course of the week.

So we really are seeing that that asset class is in the line of fire.

Even as the Nasdaq bounces on this day and helps draw it to a weekly gain, the Bitcoin area does not.

This therefore means that certain stocks that are particular proxies to crypto are having a terrible time of it.

Strategy off by 15%.

Look, it was down as much as 19% over the course of the five days.

In fact, its overall valuation in the market cap of the company is now somewhat below that.

of its overall Bitcoin holdings right now.

So far has the sell-off gone.

We understand, according to other reporting, that Michael Saylor is still buying Bitcoin at this particular moment, though, Ed.

There's a lot going on in private markets this week.

The name Cursor has been on the tip of the tongue of big names across tech, including Satya Nadella and Jensen Huang.

And its vibe coding software has been on the tips of the fingers of employees at the likes of NVIDIA, Salesforce, and PwC.

Now the company has roughly tripled its valuation in just a few months, raising $2.3 billion at a $29.3 billion valuation.

Michael Drill, Cursor CEO, joins us now in San Francisco.

Let's get the rounds out of the way because there is an awful lot to discuss about what Cursor is doing and how Cursor's been being used.