Bloomberg Businessweek

Intel surged in late trading after the chipmaker’s revenue forecast shattered estimates, indicating that booming data center spending is helping fuel a long-awaited turnaround. Sales will be $15.8 billion to $16.8 billion in the third quarter, the company said Thursday in a statement. Even the low end of that range would easily clear the $15.1 billion average analyst estimate.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
Ed Ludlow, Bloomberg Tech co-host
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Magnificent Seven group of megacap technology stocks is on track for its biggest one-day drop since the tariff tantrum in April 2025 due to results from Alphabet Inc. and Tesla Inc. The Bloomberg Magnificent 7 Index was down 4.8% midway through Thursday’s session, wiping out roughly $767 billion in market valuation, with declines led by Tesla and Alphabet. Investors are growing cautious about the massive sums that Big Tech firms are spending to build out their AI infrastructure, with the index now down 11% from a record hit in late May, erasing $2 trillion in market value.

On this episode, Carol Massar and Tim Stenovec speak with:
Ed Ludlow, Bloomberg Tech host
Tony Hemmlegarn, President of Digital Industries Software, Siemens AND Andrew Sek Hwan Hong, HD Hyundai USA on Siemens and HD Hyundai to establish digital shipyard to modernize US shipbuilding, strengthen maritime competitiveness
Nina Trentmann and Zach Wasserman, CFO, Huntington Bancshares on earnings this AM, regional banks in current rate environment
David Kocieniewski, Bloomberg News Senior Investigative Reporter on How Tether Benefited as Trump Insiders Shaped First US Crypto Law
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Robinhood recently announced its expansion of crypto services into the UK and Canada, along with nine new products at The World is Flat event. One new feature is the Public Mainnet of Robinhood Chain. Built using the Arbitrum Platform to institutional standards and natively connected to Robinhood's onchain users, this Layer 2 blockchain provides a turnkey environment for builders.

For more, Carol Massar and Tim Stenovec speak with Johann Kerbrat, SVP & GM of Crypto, at Robinhood
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Listen for instant reaction and analysis of megacap tech earnings from Alphabet and Tesla.

Alphabet reported second-quarter cloud revenue that far surpassed Wall Street’s expectations and said the division’s backlog of contracted business ballooned to more than $500 billion, offering fresh evidence that the company’s massive AI investments are paying off.

Meanwhile, Tesla missed Wall Street’s profit expectations even after a strong quarter of auto sales, a setback for the electric-vehicle maker as it looks to build out new lines of business in robotics, autonomy and AI.

To break down all of this, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Ed Ludlow, Bloomberg Tech co-host
Keith Naughton, Bloomberg News Auto Reporter
Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

OpenAI said its advanced artificial intelligence models inadvertently hacked Hugging Face Inc. in an "unprecedented" incident. The models broke into Hugging Face's system during an evaluation of their cyber capabilities, operating with lower guardrails to be tested. The incident raises questions about the ability of advanced AI models to carry out cyberattacks and has prompted fresh calls for curbs on the technology.

On this episode, Carol Massar and Tim Stenovec speak with:
Ed Ludlow, Bloomberg Tech Host
Keith Naughton, Bloomberg News Auto Reporter on Tesla preview, auto industry evolution and his career path
Rory Heilakka, Partner at Oliver Wyman on how AI is transforming some of the world's largest industrial sectors: autos, aviation, defense
Drive to the Close with Chris Marangi, President and Co-CIO, Value and PM of the GOLS ETF, Gabelli Funds
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