Alphabet AI Spending to Surge, Trump Iran Warning, More
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What is the main topic discussed in this episode?
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What are the latest earnings and spending plans from Alphabet?
With Bloomberg News Now, I'm Doug Krisner, and we begin with earnings reported after the bell. Alphabet's fourth quarter revenue was above expectations. However, the company also said it plans to spend far more than investors had anticipated this year. CapEx is set to double in 2026. Here is Bloomberg's Caroline Hyde.
How are supply chain issues affecting Qualcomm's forecast?
They are dialing this up because they must feel, it must be taken that they've felt from the market, you've got some bandwidth to do this right now. Because what we've heard time and time again, think of Microsoft's numbers, is that their issue isn't one of demand, it's one of supply.
Shares in Alphabet were down by something greater than 1% in late U.S. trading. Qualcomm gave a lackluster forecast for revenue in the current period, and the outlook only added to concern over component shortages and how that may drive up prices and in turn hurt consumer demand.
What challenges is Qualcomm facing in the near and long term?
Qualcomm is the largest maker of smartphone processors. Here's Jay Goldberg from Seaport Research Partners.
So I think there's a near-term problem and a longer-term problem. The near-term issue is memory. Memory prices are expensive. That cuts into everybody's margins. It's going to eventually cut into consumer demand. Phones will be more expensive because of the memory. It's a well-known story. So I think that's a near-term headwind.
How is the current market sentiment impacting tech stocks?
Longer term, I think Qualcomm has some pretty significant challenges, and I'm not sure they're ready to address them yet.
That's Jay Goldberg from Seaport Research Partners. Shares in Qualcomm were down by more than 9% in late U.S. trading.
What warning did Trump give regarding Iran's nuclear negotiations?
The sales forecast from the British chip designer Arm Holdings was disappointing, and right now U.S. listed shares in Arm down more than 6% in late U.S. trading. In the equity market today, the appetite for risk was diminished, and the rotation out of tech shares gathered momentum. Software firms were caught up in another wave of selling, but chipmakers saw bigger losses, We had the Philadelphia Semiconductor Index down 4.3% today. Now the NASDAQ 100 dropped nearly 1.8% and breached its 100-day moving average. That is a level seen by some analysts as a harbinger for more losses. Here is Sarah Hunt, Chief Market Strategist at Alpine Woods.
The market was coming into all of this on fairly high levels and had a lot of expectations.
What is the U.S. government's stance on immigration enforcement in Minneapolis?
And even if you're meeting some of those, it's not good enough in an environment where people are starting to get scared again about what is going to get disrupted by AI.
And you can hear more from Sarah Hunt on the Bloomberg Businessweek Daily podcast. The U.S. and Iran are set to meet in Oman on Friday to discuss a nuclear deal. Even so, President Trump sent a warning to Iran's leaders as U.S. military forces entered the region. Here is Trump speaking exclusively to NBC News.
I would say he should be very worried, yeah, he should be. As you know, they're negotiating with us.
I know they are, but the protesters have said, you know, where are the Americans?
How does the Federal Reserve's independence affect its operations?
You promised them we would have their back. Do we still have their back?
Well, we've had their back, and look, that country's a mess right now because of us. We went in, we wiped out their nuclear. So that's the question, if we wiped them out... You know, we have peace in the Middle East. If I didn't take out their nuclear, think of it, if we didn't take out that nuclear, We wouldn't have peace in the Middle East because the Arab countries could have never done that. They were very, very afraid of Iran. They're not afraid of Iran anymore.
President Trump speaking with NBC's Tom Yamous. Now, earlier today, the U.S. said it wanted to discuss other issues with Iran. However, Iranian leadership. wants to limit discussions to its nuclear program.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–0:31
2
What are the latest earnings and spending plans from Alphabet?
0:31–0:50
3
How are supply chain issues affecting Qualcomm's forecast?
0:50–1:21
4
What challenges is Qualcomm facing in the near and long term?
1:21–1:43
5
How is the current market sentiment impacting tech stocks?
1:43–1:56
6
What warning did Trump give regarding Iran's nuclear negotiations?
1:56–2:41
7
What is the U.S. government's stance on immigration enforcement in Minneapolis?
2:41–3:16
8
How does the Federal Reserve's independence affect its operations?
3:16–6:44
Speakers
8 identifiedMore from Bloomberg News Now
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