Bloomberg’s Caroline Hyde discusses what stocks are moving as investors eye the growing amount of debt tech companies are taking on to support the AI buildout. Plus, investors pulled $3.5 billion from Bitcoin ETFs in November, as the crypto heads for its worst performance since the 2022 collapse. And IonQ CEO Niccolo de Masi discusses the company’s partnership with Heven AeroTech to develop quantum-enabled drones.See omnystudio.com/listener for privacy information.
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Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Ludlow in San Francisco. This is Bloomberg Tech. Coming up, all eyes on the AI data center debt debate. We discuss stocks to watch as big tech piles on big debt. Plus, investors pull $3.5 billion from Bitcoin ETFs in November as the underlying asset eyes its worst performance since the 2022 collapse.
And the CEO of IronCube joins as the company's new partnership to develop quantum-enabled drones for national security rolls out. But first, let's check in on these markets. We are on tenterhooks. We, of course, have a shortened week, a holiday week, as we anticipate Thanksgiving in the United States. And still anxiety brews about which AI names.
To be holding on to into the end of the year or to be selling? Nvidia just turned to the red, but I'm looking at the Nasdaq 100 holding on to gains more than 2% higher. Broadcom charges higher. Alphabet does too. Bitcoin, though, not charging higher. We got some reprieve over the weekend. Of course, it trades 24-7, but we're still down 1.5%. 86,000. is where we currently see.
We'll dive into Bitcoin and crypto a little bit more in the show, but move on to the individual movers because a new record high. Alphabet's up another 5% on the day. So much love for Gemini 3. Meanwhile, I'm seeing the SOX doing well. Broadcom's on the higher side. In fact, a lot of the magnificent seven names across the board are trading higher. Tesla, for example.
But I want to shine a light on one particular tech stock right now. Amazon is in the green. But we're sticking really... with documents more broadly in AI, reviewing, as Bloomberg has, that Amazon's data center footprint has been growing tremendously amid the AI boom. One key to this is the use of co-location facilities around the world.
This rented space to stash servers made up a fifth of the company's cloud capacity last year. The person who's been going through all the documents is Bloomberg's Matt Day, who covers Amazon. Matt, talk us through why this is pretty amazing, 900 data centers being owned, managed, or indeed leased or co-leased by Amazon.
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