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AWS CEO Talks New Chip Clusters, Nvidia and AI Ambitions

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AWS CEO Matt Garman discusses Amazon’s new AI chip arrays and a large language model called Nova. Speaking on “Bloomberg The Close,” Garman also comments on the company’s partnerships with Intel and Nvidia. Amazon’s new chip arrays, called Project Rainier, will contain hundreds of thousands of Trainium2 semiconductors, quintupling Anthropic’s current processing power.

You’ve got questions about AI. We’ve got answers. Sign up for Bloomberg Technology’s weekly Q&AI newsletter: https://bloom.bg/3R2yr9C
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Oil Prices Retreat, Apple Results on Deck

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A report that says President Donald Trump wants to give diplomacy with Iran more time helped ease pressure on oil prices, with Brent falling more than 3% to below $110 a barrel.

Apple reclaimed the title of world’s most valuable company on Friday, taking the mantle from Nvidia as investors seek the perceived safety of the iPhone maker amid concerns about artificial intelligence spending.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.

Chapters:
00:00:00 – The Opening Trade Begins: Markets Brace for Midterms After Tech Selloff
00:03:16 – The Agenda: Oil Slides on Hopes for Iran Diplomacy
00:05:52 – US Midterms and the Global Implications
00:08:13 – Breaking News: Alphabet Kicks Off Seven-Part Bond Offering in Euros
00:09:17 – What to Watch
00:11:15 – Assessing the Tech Selloff and Asian Markets
00:13:24 – Schroders’ David Rees on Global Growth, Europe and Central Bank Outlook
00:21:21 – Need to Know: Crypto Outflows and European Political Unrest
00:25:03 – Iran Diplomacy Drives Oil Lower
00:29:09 – Svelland Capital’s Nadia Martin Wiggen on Global Energy Markets Face Tight Supplies
00:39:59 – MLIV: Markets Rebound as AI Concerns Linger
00:43:38 – Stocks to Watch: Ryanair, Alstom and Haleon
00:48:02 – European Markets Open Lower
00:50:13 – UBS Investment Bank’s Gerry Fowler on AI, Bond Yields and Market Risk
01:02:16 – Ryanair Tackles Rising Fuel Costs
01:06:25 – French Bonds Face Rating Pressure
01:13:42 – Need to Know
01:14:40 – Creandum’s Peter Specht on Raising $750 Million Fund
01:21:32 – Apple and Palantir Earnings in Focus
01:25:20 – US Midterms: What’s at Stake
01:29:59 – Iran, Oil and the Post-Midterm Market Outlook
01:31:33 – AI Selloff Raises Risks for the Dollar
——–
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Tech Stocks Slide as Markets Rotate Into Small Caps

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The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Rockefeller Global Family Office CIO Jimmy Chang, Tradeweb CEO Billy Hult, Wedbush Managing Director, Internet Equity Research Analyst Ygal Arounian, Raymond James Financial CEO Paul Shoukry, GE Healthcare CEO Peter Arduini, Deutsche Bank Head of Asset Allocation, Chief Global Strategist Binky Chadha, Jefferies Software & Internet Research Tech Sector Leader Brent Thill, Seaport Research Partners Semiconductors & Electronics Senior Analyst Jay Goldberg, T. Rowe Price Portfolio Manager Tony Wang, Placer.ai Head of Analytical Research RJ Hottovy, 1789 Capital Partner Paul Abrahimzadeh, & New Balance President & CEO Joe Preston.

Chapters:
00:00:00 Bloomberg The Close
00:03:08 Rockefeller on GDP, Bonds & the AI-Driven Economy
00:08:42 Market Volatility, Fixed Income & AI Trading
00:14:44 AI Investment, Credit Markets & Electronic Trading
00:16:17 Top Calls
00:17:16 DoorDash-Instacart Deal & the Grocery Delivery Battle
00:22:37 Raymond James CEO on Earnings & Wealth Management
00:28:36 Raymond James on Advisor Growth, AI & Technology
00:30:16 GE HealthCare CEO on Earnings, AI & Medical Imaging
00:35:41 GE HealthCare Strategy, Growth & Capital Allocation
00:40:03 Deutsche Bank on Tech Rotation & the AI Trade
00:45:14 Midterms, Market Positioning & Big Tech Earnings
00:49:48 Amazon & Intel Earnings Hit After the Bell
00:55:06 Amazon AWS, AI Spending & Retail Growth
01:00:20 Amazon Cloud Growth & High AI Expectations
01:04:02 Intel Earnings, Weak Guidance & Supply Constraints
01:10:10 AI Spending, Chip Demand & Tech Earnings
01:16:20 Starbucks Earnings & Brian Niccol’s Turnaround
01:21:17 Starbucks Traffic, Loyalty & Store Expansion
01:26:02 AI Financing, SpaceX & Private Market Valuations
01:31:59 Anthropic IPO, Midterms & AI Regulation
01:33:50 New Balance CEO on the NYC Marathon & Consumer
01:36:28 What to Watch
——–
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What Lula’s Win Means for Brazil’s Markets, Currency

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Nur Cristiani, head of Latin America investment strategy at JPMorgan Private Bank, examines the market implications of the Brazilian election after President Luiz Inácio Lula da Silva pulled off a stunning comeback to defeat Flávio Bolsonaro, the right-wing candidate that many investors preferred. She speaks on “Bloomberg Surveillance.”
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Bloomberg Surveillance 10/28/2026

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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than “Bloomberg Surveillance.”

Chapters:
00:00 Big Tech Earnings, Fed Decision and CapEx Test
04:35 Investment-Grade Credit Looks Attractive Again — Peter Tchir, Academy Securities
16:22 Netanyahu Gains Ground in Uncertain Israel Election — Ethan Bronner
18:10 US-Israel Strikes on Iran Could Come in Early November — Steven Cook, Council on Foreign Relations
30:21 AI Can Replace Much of Junior Economists’ Work — Jason Furman, Harvard Kennedy School
42:42 ‘We’ Has Lost Its Meaning at the Fed — Claudia Sahm, New Century Advisors
52:47 AI CapEx Is Still in a Mid-Cycle Boom — Lisa Shalett, Morgan Stanley
1:05:22 Midterms Unlikely to Bring Heavy AI Regulation — Brian Gardner, Stifel
1:19:15 More Cash Makes Sense as Capital Competition Rises — Troy Gayeski, Future Standard
1:30:40 Fed Should Hike, Policy Is Not Restrictive — Patrick Harker, Former Philadelphia Fed President
1:41:16 AI Revenue Falls Far Short of Spending Needs — Alex Altmann, Barclays
1:53:34 Microsoft Stands Out With Positive Free Cash Flow — Stefan Slowinski, BNP Paribas
2:06:48 Fed Can Take Its Time Getting Inflation Back to 2% — Gita Gopinath, Fmr. IMF Deputy Managing Director
2:18:48 Anthropic IPO Will Set the Bar for OpenAI — Mark Lehmann, Citizens Commercial Bank
——–
Watch it live every week day from 6-9 ET on Bloomberg Television, YouTube, Roku, Apple TV, Samsung TV, Android TV, Rakuten TV.

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Intel, Amazon Earnings Spark Tech Selloff as AI Fears Mount

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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead.

Tech stocks sold off for a second consecutive day as a rotation out of the AI trade accelerated, after earnings from Amazon and Intel raised fresh concerns about capital expenditure.

Binance has suffered the crypto industry’s biggest-ever hack in a fresh blow to efforts to push digital assets into the mainstream. The exchange said $6.3 billion worth of funds were affected, with $3 billion in crypto frozen, and that it had suspended all withdrawals as it works with law enforcement and completes a security revamp.

And France unexpectedly contracted in the third quarter, putting the economy on a weak footing as it faces headwinds from surging borrowing costs, violent protests and political and budgetary uncertainty.

Today guests: Gonzalo García San Miguel, Abenójar Tungsten, CEO; Sander van ’t Noordende, Randstad, CEO

Chapters:
00:00:00 – Bloomberg Daybreak Europe | 10/30/2026
00:01:26 – Credit Agricole
00:02:32 – Asia Markets Check
00:04:38 – Intel Earnings Highlights
00:07:12 – Bitcoin Drops on Binance Hack
00:10:19 – BOJ Keeps Overnight Call Rate at 1.25%
00:14:27 – Lagarde To Step Down Early
00:19:01 – Why US Economy Feels Worse | Bloomberg Originals
00:23:44 – French 3Q GDP Falls
00:26:26 – Spanish Tungsten Miner Abenójar CEO
00:34:37 – Impact of AI on Jobs Market
00:40:35 – Anthropic, Ray-Ban, Bayer
00:43:20 – Chart Talk
——–
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