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Stocks Dip on Massive Chip Selloff

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Shares of semiconductor stocks plunged on Thursday, extending a recent selloff as investors turn skeptical on the artificial intelligence trade after the Democrats dominated the midterm elections. A team of Bloomberg experts help break down the recent market moves and what comes next, including US Semiconductor Reporter Ian King, US Senior Equities Editor Eric Weiner, Executive Technology Editor Michael Shephard, and Global Head of Tech Research Mandeep Singh. Plus, Equity Research Analyst at Wells Fargo Timna Tanners talks an anticipated steel selloff and how the Midterm results may impact metals industries.

Chapters:
00:00:00 Bloomberg Businessweek Daily
00:04:09 Markets: Semiconductors Plunge
00:05:56 Chipmakers, AI & the Blue Wave
00:08:14 Can Chip Demand Keep Up With the AI Boom?
00:12:08 Markets React to Data Center Backlash
00:15:18 AI Trade, Nvidia & Safe Havens
00:17:44 Data Center Loans & Financing Risks
00:19:03 Markets: Tech Selloff Continues
00:20:53 Microsoft Pulls Back From Risky Data Centers
00:22:39 Data Center Regulation & Political Risk
00:25:26 AI Growth vs. Community Concerns
00:28:08 Neo-Clouds Face New Regulatory Hurdles
00:30:12 Software Stocks & the AI Trade
00:32:10 AI Spending & Overseas Data Centers
00:34:25 Steel, Tariffs & the Midterm Impact
00:38:00 Data Centers, Metals & Industrial Demand
00:40:00 Iran War, Oil & Interest Rates
00:42:35 Markets Come Off Their Lows
00:45:59 Stock Movers: Sandisk, CoreWeave & AI
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Ukraine Peace Push Returns to Abu Dhabi

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US, Ukrainian and Russian delegations are scheduled to meet in Abu Dhabi on November 10th and 11th, with Steve Witkoff and Jared Kushner expected to represent the US. Joining Bloomberg This Weekend former Deputy Secretary of State Stephen Biegun discusses how a Democratic-controlled Congress could bring greater scrutiny to President Donald Trump’s foreign policy as the US renews efforts to negotiate an end to Russia’s war in Ukraine.
——–
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How Will the Midterm Results Impact Stocks?

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Global stock markets erased a selloff sparked by a Democratic sweep of the US Congress, as uncertainty surrounding the midterms faded. What are analysts watching now? Bloomberg’s Charlie Wells explains.
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New House Democrats Set Their Priorities

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On Bloomberg This Weekend, Democratic Reps.-elect Paul Barringer of North Carolina and Shannon Taylor of Virginia say voters sent them to Washington with a mandate to address affordability, health care and government accountability. Speaking with hosts David Gura and Christina Ruffini, they discuss working across the aisle, restoring congressional authority and responding to concerns about tariffs, data centers and the cost of living.
——–
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How Elon Musk’s support for #Trump is impacting #Tesla sales #podcast

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On this episode of the Elon, Inc. podcast, we discuss how Musk’s political views are affecting his customer base. Listen to the full episode wherever you get your podcasts https://trib.al/kJ7ZTrU

#tech #technology #politics

Each week, listen in as host David Papadopoulos convenes a panel of Bloomberg Businessweek journalists who are tracking Musk’s companies and the surprising ways they intersect. They break down the business mogul’s latest moves and analyze what they could mean for us all.

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Democrats Take Control of Congress in Midterm Landslide

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Democrats won control of both chambers of the US Congress in a midterm election landslide that amounted to a rejection of President Donald Trump following widespread voter discontent with the economy and the war in Iran. Bloomberg’s Tyler Kendall takes a closer look at the night’s big races.
——–
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