Anthropic Nears $20B Run Rate, Apple to Sell $599 Laptop
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What factors are driving the rebound in tech stocks?
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This is Bloomberg Tech. Coming up, tech stocks rebound as investors seek clarity around the war in Iran five days into the conflict. Plus, Anthropic is on track to generate annual revenue of almost $20 billion, more than doubling in a few months. This amid a clash with the Pentagon over AI safeguards. And Apple comes after the PC market and budget-minded shoppers with its new MacBook Neo. We have the details. Interesting day to launch a product. There's volatility around the world when it comes to tech because we want some certainty around the war in Iran. And certainty is not what the market is getting at the moment. And it's an extraordinary day once again when you think about also the economic data coming in strong for the services sector.
Inflation pressure actually dialing back. But now the market tries to understand where the puck moves. NASDAQ 100, as you say, big tech in charge today. We're up 1.5%. Bitcoin also seeing a risk asset move into that. We're up almost 8%. 73,000 is where we trade. Crude down, and that's maybe alleviating some of the pressure on stocks. We get that update from at least the Pentagon's perspective and the U.S. perspective, what's happening in Iran. Overnight in Korea, the KOSPI, the main benchmark index, dropped 12%, the most on record. There was a halt very early in the Korean session for volatility, and it was those two names that we talked about 24 hours ago that provided for that volatility, Samsung and SK Hynix.
Part of this is what's happening with Iran. Part of it is that Korean equities were massive outperformers, but it's just a moment in time. I'm looking backwards, but my goodness, that was a market check that maybe we didn't expect this morning. And again, it's based on leverage. But let's talk about the leverage that US Defense Secretary Pete Hegseth has at the moment, delivering a briefing this morning on the situation in the Middle East, saying military operations in Iran will accelerate.
This is not a mission accomplished situation. This is simply a reality check. The combination of US and Israeli intelligence and combat power will control Iran. and will control it soon.
Bloomberg's Tyler Kendall is at the White House with the latest. And he made reference to the Iraq war there by saying this is not mission accomplished. But where are we in terms of the clash with Iran?
Hey, Caroline. Well, as you heard, the Secretary Pete Hegseth there is reiterating that the U.S. has no plans to let up its military campaign in Iran and maintained that the U.S. has enough weapons stockpiles to keep this going until the country's full objectives are achieved. Secretary Hegseth did outline that the U.S. and Israel now have what's being called uncontested control of Iran's airspace and that we should expect this mission to to move into a second phase where we will see more strikes deeper inside the country. We also heard from the chair of the Joint Chiefs of Staff Dan Cain that said the US and Israel have hit over 2,000 targets inside of Iran and confirmed that a US submarine sunk an Iranian naval vessel for the first time in international waters since World War II.
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Chapters
8 chapters
1
What factors are driving the rebound in tech stocks?
0:00–6:14
2
How is Anthropic approaching its $20 billion revenue target?
6:14–7:16
3
What are the implications of Anthropic's clash with the Pentagon?
7:16–8:00
4
How is Apple positioning itself in the budget laptop market?
8:00–12:05
5
What technological advancements are featured in the new MacBook Neo?
12:05–13:01
6
How is the war in Iran affecting global tech markets?
13:01–19:13
7
What strategies are companies using to navigate rising electricity costs?
19:13–20:00
8
How is AI being utilized in cybersecurity by Iran?
20:00–53:02
Speakers
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