Bloomberg Talks

Aggressive AI spending plans by Amazon.com Inc., Microsoft Corp. and Alphabet Inc. provided fresh evidence that demand for chips and related equipment will remain strong, offering relief to a sector that’s been battered in recent days. Amazon boosted its forecast for full-year capital expenditures to $220 billion on Thursday, up from a previous estimate of $200 billion, with Chief Executive Officer Andy Jassy saying most of that spending will go toward artificial intelligence. The outlook was part of a rush of earnings reports delivered by so-called hyperscalers — the world’s largest cloud computing providers — and they showed there’s been no letup in ambitions for building AI infrastructure.
For more, we get reaction from Dan Ives, Partner at Yorkville and Ives. He speaks with Tom Keene and Paul Sweeney on Bloomberg Surveillance.
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SpaceX stock fell after the company disclosed higher-than-expected spending on its artificial intelligence business, dampening an inaugural quarterly report that broadly surpassed Wall Street forecasts. Shares of Elon Musk’s rocket, satellite and AI conglomerate tumbled as much as 8.8% in US postmarket trading after it said capital spending jumped to about $18.4 billion in the second quarter.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Ed Ludlow, Bloomberg Tech co-host
Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
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Nate Baxter, CEO and President of Scotts Miracle-Gro, joined Bloomberg Television after the company’s investor day to discuss its new growth targets, the strategy behind its 2027–2029 outlook, and how the company is trying to reach younger consumers through digital media, e-commerce and new product channels. Baxter spoke with Bloomberg's Romaine Bostick on The Close.
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American Petroleum Institute CEO & President Mike Sommers says that about 7 of the 11 million barrels per day needed to see lower gas prices are now getting through the Strait of Hormuz. Sommers spoke with Bloomberg’s Joe Mathieu and Kailey Leinz on the early edition of Balance of Power.
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Eric Cantor, Vice Chair & Managing Director at Moelis & Co. and former House Majority Leader, joins Bloomberg Surveillance to discuss the supercycle in AI infrastructure, resilience in capital markets and whether Washington can manage rising deficits as private investment accelerates.
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