Chip Stocks Tumble, Zelenskyy Blasts Trump & Musk, More
Summary
A global AI sell-off accelerated as South Korean stocks fell 8% and U.S. chipmakers erased $1.6 trillion in value, driven by high inflation and CoreWeave’s distress signals. Meanwhile, Anthropic reported $16.8 billion in Q3 revenue ahead of its IPO, with Nvidia’s CEO praising the sector’s profitability. In geopolitics, Ukraine’s President Zelensky accused the U.S. of throttling Starlink access, escalating tensions with Washington. The episode also covers the EU’s new trade curbs on Chinese vehicles and Marine Le Pen’s push to slash France’s EU budget contribution.
Topics discussed
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Bloomberg News Now Introduction
Global AI sell-off hits South Korean stocks
CoreWeave debt distress and AI spending concerns
Anthropic IPO plans and Jensen Huang's comments
Zelensky disputes Starlink access with US
EU-China trade deal on hybrid vehicles
Marine Le Pen pushes for EU budget cuts
UK Chancellor's fiscal plans and IMF warning
Market wrap: Equities, yields, and oil
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