For better or worse, Apple seems to have largely missed the AI boom. When it comes to hardware, Chinese tech giants are also in the lead with foldable phones, glasses and advanced camera features, just to name a few.

Bloomberg’s Mark Gurman joins Joe Weisenthal and Tracy Alloway on the Odd Lots podcast to unpack the slate of new products that Apple is set to unleash and whether the company’s new AI strategy is enough to put Apple back on top.
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Following earnings this week that saw tech giants like Microsoft and Amazon report aggressive AI spending plans, EZ Primary Research CEO Ed Zitron gives his more skeptical take on the industry. In speaking about OpenAI and Anthropic Zitron argues “everyone is buying into these stocks because they believe all of that CapEx is going towards diverse and spread out AI demand, when in fact, what it’s actually doing is helping create infrastructure for two unprofitable, unsustainable companies.”
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After years of development and hundreds of millions of dollars spent, Johnson & Johnson has won FDA approval for its new surgical robot, Ottava. How will this change the operating room and affect the surgical market? Watch Wall Street Week https://bloom.bg/3Tt61d3

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Bloomberg Television 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 UBS Head of US Rates Strategy Phoebe White, Glide Identity Founder & CEO Eran Haggiag & Verizon Business Senior VP, Chief Product Officer Scott Lawrence, Rosenblatt Securities Senior Research Analyst & Managing Director Barton Crockett, Chevron CFO Eimear Bonner, Wells Fargo Investment Institute Global Asset Allocation Strategist Veronica Willis, First Founder & CEO Libby Leffler, Illumina CEO Jacob Thaysen, Most Valuable Promotions Co-Founders Jake Paul & Nakisa Bidarian, & Most Valuable Promotions CEO & Board Member John Martin, & Serhant CEO & Founder Ryan Serhant.

Chapters:
00:00:00 Bloomberg The Close
00:03:22 UBS on Fed Credibility, Treasury Yields & Inflation
00:09:30 AI Identity Security with Verizon & Glide
00:15:42 Top Calls
00:16:49 Apple Selloff: AI Phones, Supply Chain & Valuation
00:22:21 Chevron Delivers Record Quarter as Oil Prices Surge
00:32:26 Stock of the Hour: Universal Music’s Streaming Slowdown
00:36:53 Wells Fargo on Tech, Rates & Market Volatility
00:43:15 Closing Bell
00:47:45 Amazon Leads Winners While Apple Tumbles
00:53:30 Month-End Market Recap: Tech, Energy & Crypto
00:56:25 AI Investing: Why Markets Now Demand ROI
01:02:31 Illumina on Genomics, AI & Precision Medicine
01:08:18 Jake Paul, PFL & the Future of Combat Sports
01:20:59 Serhant Expands Into Texas Luxury Real Estate
01:28:01 What to Watch
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The European Union is rewriting its merger rules for the first time in two decades, hoping to create business “champions” capable of competing with the US. Watch Wall Street Week https://bloom.bg/3Tt61d3

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