### Market Reactions to Tech Earnings and Regulatory Changes

NVIDIA faces design concerns, impacting its stock as it prepares for earnings, while Tesla benefits from easing self-driving regulations.

### Market Dynamics: NVIDIA's Challenges, Tesla's Gains, and the Future of AI and Crypto
* 📉 NVIDIA's stock has seen a decline due to reports of **design issues** with its high-end chip lineup, as the company prepares to announce its **earnings later this week**.
* 🚗 Tesla shares are rallying, buoyed by expectations of **eased regulations for self-driving cars** under the incoming Trump administration, which could **significantly benefit the company**.
* 🎥 Netflix faced a rocky start in its live sports venture, highlighted by a **glitch during the Tyson Fury fight**, contributing to a **volatile trading environment** this week.
* 📈 Bitcoin is experiencing a resurgence, climbing **3.5% after a recent selloff**, with Citigroup indicating that the equity market is a **major driver for cryptocurrency's performance**.
* 🔍 Analysts are closely monitoring NVIDIA's upcoming earnings report, anticipating an **83% revenue increase**, while acknowledging the competitive landscape with AMD potentially **gaining market share**.
* ⚡ The discussion around AI and its energy needs is expanding, with experts suggesting that advancements in **quantum computing** will play a **crucial role** in the future of technology and data processing.
* 💰 MicroStrategy has seen impressive gains, up **482% in the past year**, as it continues to invest heavily in Bitcoin, reflecting a **positive outlook for cryptocurrency** amidst regulatory changes.
* 📊 As the market adapts to these shifts, investors are encouraged to consider **broader exposure through ETFs**, balancing **established tech giants** with **smaller, more volatile companies** in the AI and crypto sectors.

### The Future of AI and Innovation: Trump, Musk, and Market Dynamics
* 🎉 Accelerationists are celebrating Trump's election win, viewing him as a **champion of deregulation and rapid industry advancement**, contrasting him with the Harris administration, which they perceive as **stifling progress**.
* 🤖 Elon Musk's role in AI remains uncertain; while he has voiced **concerns over existential risks posed by AI**, he may advocate for some regulations to **ensure safety in the technology's development**.
* 🌏 The U.S.-China rivalry is a significant theme for Trump, who is concerned about the **potential for China to outpace the U.S. in AI advancements**, despite some experts suggesting that China's progress may not be as **rapid as feared**.
* 📜 The incoming Trump administration is expected to repeal some of Biden's executive orders related to AI, but much of the groundwork laid by the Biden administration may remain intact due to the **extensive research already conducted**.
* ⚖ The balance between innovation and safety is critical; while some regulatory measures may be rolled back, the need for **responsible oversight in AI development** remains a concern, especially regarding **biases in AI systems**.
* 💼 Halozyme, a biotech firm, is pursuing a cash-financed acquisition of Evotec to enhance its drug delivery capabilities, aiming for **significant EBITDA growth** in the coming years.
* 📈 The timing of the acquisition is strategic, as Halozyme seeks to **leverage its existing partnerships and expand its reach** in the pharmaceutical sector, despite recent market challenges faced by Evotec.
* 📅 With Netflix's recent live sports streaming challenges, including **connection issues during a major boxing event**, the company must improve its infrastructure ahead of upcoming NFL games to **maintain viewer trust and advertising revenue**.

>> FROM THE HEART OF WHERE
INNOVATION, MONEY, AND POWER COLLIDE, THIS IS BLOOMBERG
TECHNOLOGY WITH CAROLINE HYDE AND ED LUDLOW. CAROLINE:
LIVE FROM NEW YORK, THIS IS

BLOOMBERG TECHNOLOGY.
NVIDIA FALLS ON REPORTS OF FURTHER DESIGN SNAGS WITH ITS
HIGH-END CHIP LINE-UP AS THE CHIPMAKER REPORTS EARNINGS
LATER THIS WEEK. TESLA SHARES ARE RALLYING AS
THE TRUMP TEAM LOOKS TO EASE

SELF-DRIVING RULES.
IT WAS A GLITCH START TO NETFLIX'S PUSH INTO LIVE SPORTS.
DETAILS FROM THE TYSON-FURY -- TYSON-FURY FIGHT.
THE LATEST SELLOFF SINCE JANUARY. WE GET A REPRIEVE.
IT HAS BEEN A VOLATILE START OF

TRADING THIS WEEK.
WE WENT LOWER AT THE START OF TRADING AND NOW WE PUSH HIGHER.
BITCOIN ONCE AGAIN ON A TEAR. CITIGROUP SAYING THE BIGGEST
DRIVER FOR CRYPTO IS THE EQUITY

MARKET, BUT NOW WE ARE UP 3.5%
OFF THAT SELLOFF AND ALMOST BACK AT THOSE RECORD HIGHS.
WE MOVE ON AND THIS RISK-ON ATTITUDE. TESLA IS UP 7% ON A STORY
SURROUNDING THE INNER WORKINGS

OF THE TRUMP ADMINISTRATION AND
WHAT IT MEANS FOR A FULL SELF-DRIVING AUTONOMOUS
VEHICLES AND THE FEDERAL LAW THAT WILL COME INTO SHAPE. IT IS GOOD NEWS FOR TESLA, MANY
INTERPRETING PALANTIR DOWN 6.5%.

IT ROSE HARD FRIDAY.
IT IS ONE OF THE KEY POINTS DOWN ON THE S&P 500, SO I
WANTED TO SHINE A LIGHT ON SOME OF THE VOLATILITY AROUND THIS
NAME. VOLATILITY AROUND THIS NAME IS
NVIDIA, DOWN AS MUCH AS 3% AT

THE START OF TRADE.
WORRYING ABOUT SOME SNAGS WHEN IT COMES TO THE OVERALL DESIGN
COMPLEXITY AROUND THE BLACKWELL CHIP LINE-UP AND REPORTS
COMING FROM INFORMATION ON THIS. LET'S TALK ABOUT IT WITH
MANDEEP SINGH OF BLOOMBERG

INTELLIGENCE.
FIRST WE START WITH THE INTELLIGENCE REPORTING, A TECH
FOCUSED REPORTING NETWORK SAYING MAYBE WE SEE AGAIN A
GLITCH AND SOME WORRIES AROUND WHETHER WE WILL GET A SLOWDOWN
AND THEN RAMP UP OF BLACKWELL.

WE HAD THIS BEFORE.
WHY WOULD IT TUG ON OVERALL SHARES? >> EVERY TIME THIS KIND OF NEW
SERVICES, YOU HAVE TO ASK YOURSELF -- NVIDIA HAS ALREADY
COMPRESSED THE WAY THEY ARE SHIPPING NEW ARCHITECTURES.
IT IS A ONE-YEAR ARCHITECTURE.

THE KEY THING TO REMEMBER IS
WHEN IT COMES TO AI TRAINING THIS IS STILL BEING DONE ON
NVIDIA CHIPS. YOU COULD SAY THERE ARE OPTIONS
AVAILABLE, BUT WHEN IT COMES TO TRADING THERE ARE NO OPTIONS,
SO COULD IT CREATE A SMALL AIR

POCKET?
PROBABLY, IF THE SNAG IS TRUE AND IT IS DELAYED BY THREE
MONTHS, BUT THEN WE STILL DO NOT HAVE ANY COMPETITOR. IT IS NOT AS IF INTEL HAS A
CHIP THAT HYPERSCALERS COULD

USE OR THEIR OWN SHIP, SO I DO
NOT THINK IT IS A PROBLEM WHEN IT COMES TO THE TRAINING SIDE
OF THINGS. >> AMD IS HIGHER ON THE DAY,
MANY WONDERING IF THEY CAN SNAG

MARKET SHARE.
CAN YOU GO INTO THE INTRICACIES OF WHY THIS IS SO DIFFICULT TO
MANUFACTURE? WE ARE GOING AT SUCH A RAPID
CLIP WITH AI INNOVATION FROM NVIDIA.
WHY WOULD THE OVERHEATING BE

HAPPENING?
WHAT IS IT THAT IS SO HARD? >> LOOK AT WHAT THEY ARE TRYING
TO DO. THEY ARE TRYING TO BRING PERFORMANCE WITH EFFICIENCY, SO
AMD IS 2.5 TIMES MORE

EFFICIENT THAN ARCHITECTURE. TO DO THAT, THERE IS MORE
TECHNOLOGY AND THEY WILL RECOGNIZE SOME AMD
REVENUE THIS YEAR, SO CLEARLY THEY ARE CONFIDENT THEY CAN
MAKE THE TRIP THAT NVIDIA IS

TRYING TO GET OUT OF THE MARKET.
I WOULD NOT BE TOO WORRIED ABOUT THAT.
AT THE SAME TIME, THESE COMPANIES ARE TALKING ABOUT
BIGGER CLUSTERS AND IF YOU ARE TRYING TO DO THAT YOU HAVE TO
RELY -- YOU CANNOT MIX AND

MATCH WHEN IT COMES TO THE
TRAINING SIDE OF THINGS. THAT IS WHY I THINK NVIDIA IS
SOMEWHAT INSULATED. CAROLINE: SO PERHAPS IN THE FUTURE THERE
MIGHT BE AN AIR POCKET BUT THE

FUTURE COMES WEDNESDAY WHEN WE
GET THE RECENT NUMBERS FROM NVIDIA BACK.
WE ARE LOOKING AT THE FISCAL THIRD QUARTER, ANTICIPATING AN
83% INCREASE IN REVENUE.

ONE OF THE KEY LINES -- WHAT
ARE THE KEY LINES FROM THE REPORT FOR YOU? MANDEEP:
EXPECTATIONS ARE ALWAYS HIGH FOR NVIDIA.
THE STOCK DID ROCK -- DROP, SO FROM THAT STANDPOINT, COMING UP
WITH A $2 BILLION RAISE IS NOT

POINT TO AT THE SAME TIME THESE
KINDS OF GROWTH RATES ARE STILL NOWHERE TO BE SEEN WHEN YOU
COMPARE IT TO OTHER COMPANIES IN THE CHIP SECTOR, SO I FEEL
THE VISIBILITY IS STRONG GOING

INTO 2025 AND THE CHANGES ARE A
POSITIVE GIVEN NVIDIA HAS EXPOSURE TO CRYPTO, SO THE
OVERALL ADDRESSABLE MARKET FOR NVIDIA COULD EXPAND SO PEOPLE
MAY START FOCUSING BEYOND THE

DATA CENTER THAT SEEMS TO GET
ALL THE -- CAROLINE: LET'S GET MORE BROADER MARKET
PERSPECTIVE. YOU HAVE BEEN THINKING BROADER
THAN THE CHIP INFRASTRUCTURE. YOU HAVE BEEN THINKING ABOUT AI
AND ENERGY NEEDS.

HOW ARE YOU SEEING THIS
BROADENING OUT? >> I THINK THE AI TRADE
CONTINUES TO TOUCH ON A LOT. WE MIGHT HAVE BLIPS IN THE ROAD
AND FEEDBACK ON SHIPS AND THINGS LIKE THIS AND SO MUCH IN
TERMS OF NEAR-TERM PERFORMANCE

ON SEMICONDUCTORS AND TECH
HANGING ON NVIDIA EARNINGS, BUT THERE IS MORE TO DO. SO IF WE
THINK ABOUT WHERE AI GOES IN THE FUTURE AND HOW AI CAN
CONTINUE TO BROADEN OUT AND

DEVELOP OUT, YOU NEED ENERGY TO
ESSENTIALLY POWER ALL OF THESE DIFFERENT THINGS THAT WE ARE
DOING, WHETHER IT IS CLOUD OR DATA CENTERS OR AI FOR CRYPTO
MINING OR QUANTUM COMPUTING AND

SUPERCOMPUTING.
YOU NEED COMPANIES LIKE CONSTELLATION ENERGY.
THERE IS POWER THAT HAS TO COME INTO PLAY HERE FOR THIS THEME
TO CONTINUE TO WORK. SO I LOVE THE AI TRADE, BUT NOW I'M GOING
DOWN THE LINE AND SAYING, WHAT

ELSE MATTERS?
I THINK QUANTUM COMPUTING MATTERS.
I THINK AI AND ITS POWER SOURCES MATTER.
SO WE WILL GO BACK TO LOOKING AT THOSE MOBILE AND BROADBAND
PROVIDERS. SO THE AI TRADE IS

DIVERSE AND I THINK WILL
BROADEN OUT. CAROLINE:
WHY DOES QUANTUM MATTER TO YOU AND HOW DO YOU PLAY THAT? >> QUANTUM MATTERS BECAUSE WE
THINK OF SUPERCOMPUTERS,

BASICALLY COMPUTERS ABLE TO
PROCESS DATA AT FAST SPEEDS SO THE DATA CAN BE UTILIZED
WHETHER THROUGH MEDICAL RESEARCH, ANALYZING RISK,
AEROSPACE AND DEFENSE. FOR AI TO WORK, YOU NEED DATA
TO BE PROCESSED AND IT HAS TO

BE PROCESSED EFFICIENTLY AND
QUICKLY. I THINK A BIG FUTURE DEVELOPMENT WE WILL SEE IS
SUPERCOMPUTING AND QUANTUM COMPUTING SO YOU CAN USE
COMPANIES LIKE T-WAVE.

THEY ARE SMALL-CAP COMPANIES,
BUT THIS IS WHEN YOU START LOOKING AT THEM IN THEIR
INFANCY. CAROLINE: PEOPLE STARTED LOOKING AT
PALANTIR. I KNOW THIS IS A NAME YOU HAVE
THOUGHT ABOUT A LOT AND IT HAS

GIVEN A LOT OF VOLATILITY AFTER
A BIG RUN UP FRIDAY. HOW DO YOU PLAY PALANTIR? >> I THINK YOU JUST NAMED THE
NEW HOT KID ON THE BLOCK AFTER NVIDIA.
IT WILL LIKELY BE THE STOCK

THAT PEOPLE LOOK AT BECAUSE OF
THEIR ROLE IN AI AND DEFENSE AND GOVERNMENT FUNDING AND
THINGS LIKE THIS. I THINK IT IS A PULLBACK LIKE
ANY OTHER AND AN OPPORTUNITY TO

BUY ON A DIP.
THIS IS A STOCK PEOPLE TRADED AHEAD OF THE NASDAQ CONCLUSION,
SO THEY DID PRETTY WELL WITH THAT.
IT IS A NATURAL RELIEF TO TAKE A LITTLE BIT OF PROFITS AND
HOLD THAT NAME FOR THE NON-

FOR THE LONGER-TERM.
IT IS AN OPPORTUNITY TO GET IN AGAIN. CAROLINE:
YOU WERE TALKING ABOUT A QUANTUM NAME HAVING A BIG
PULLBACK ON THE DAY AS WELL. HOW DO YOU RIDE THOSE BOUTS OF
VOLATILITY?

IS IT THAT YOU GO BROADER LIKE
WITH AN ETF PERSPECTIVE OR DO YOU HAVE TO BE WILLING TO TAKE SUCH
DOWNS? >> WE LAUNCHED AN ETF ON THIS
FOR THIS REASON. WE HOLD ALL OF THESE STOCKS FOR
THAT REASON.

YOU GOT THAT BROAD-BASED
EXPOSURE, SO YOU WANT EXPOSURE TO NVIDIA AND MICROSOFT AND
ALPHABET AND ALL THESE COMPANIES THAT HAVE ROBUST AND
QUALITY BALANCE SHEETS, THE

SERVICE AS A BALLAST FOR
VOLATILITY AND THEN YOU GET SMALLER NAMES
AND SMALLER COMPANIES THAT ARE MORE VOLATILE, BUT WHEN THEY
GET AN OPPORTUNITY TO SHINE THEY TAKE OFF BIG.
SO IF YOU LOOK AT THE

PERFORMING SHARE IT HAS A
FAIRLY DECENT PATH, NOT UNLIKE PALANTIR.
I THINK INVESTORS ARE TAKING A LITTLE PROFIT OFF THE TABLE,
BUT HOW DO WE THINK ABOUT THIS? I AM A LONG-TERM INVESTOR SO I
BUY THE STOCKS AND HOLD THEM

FOR YEARS.
THAT IS HOW LONG I THINK AI IS GOING TO PLAY OUT, SO I KIND OF
DABBLE BACK AND WHEN THEY PULL BACK. CAROLINE:
YOU HAVE BEEN TALKING ABOUT CRYPTO FOR A LONG TIME.
HOW ARE YOU THINKING ABOUT

ENSURING THAT YOU ARE NOT TOO
OVERWEIGHT AND A PHENOMENAL RUN UP? >> A COUPLE YEARS AGO, I THINK
I SAID THAT CRYPTO WAS PROBABLY GOING TO HIT 100,000 IN THE
NEXT COUPLE YEARS.

THERE WAS A SOLID YEAR WHERE I
WAS GETTING A LOT OF EMAILS LIKE, 'SO MUCH FOR THAT.' BUT A LOT OF PEOPLE HAVE SAID
THAT AND HAVE HAD EVEN HIGHER TARGETS BUT I PLAY CRYPTO
THROUGH MICROSTRATEGY.

I THINK THE JUST ELECTION WILL
BE GREAT FOR CRYPTO. PEOPLE ASK, WHAT CHANGES?
TAX CUTS CHANGE. IF YOU HAVE A PRESIDENT THAT IS
OPEN TO DEREGULATION, THAT COULD MEAN MORE PRODUCTS, A
CHANGEUP IN THE SEC. YOU DO NOT

KNOW WHERE THIS CAN GO, BUT I
THINK OVERWHELMINGLY THERE IS AN OPTIMISTIC AND POSITIVE VIEW
ON CRYPTOCURRENCY GOING FORWARD BECAUSE OF THE RECENT ELECTION.
QUIT NOT TO MENTION THAT CRYPTO

HAS BEEN ON A TEAR FOR THE LAST
YEAR. RISK ASSET, STRONGER ECONOMY,
TECH DOING WELL. IT HAS BEEN A GOOD TRADE FOR A
LOT OF INVESTORS. >> MICROSTRATEGY IS UP 482% IN
THE LAST YEAR, UP ANOTHER

RECORD HIGH TODAY AS IT HAS
DOUBLED DOWN ON ITS COMMITMENT TO KEEP ON BUYING BITCOIN FOR
ITS OWN BALANCE SHEET. THANK YOU. MEANWHILE, ANOTHER KEY YOU
SHOULD BE WATCHING IN AI, SUPER

MICROCOMPUTER.
SHARES ARE GAINING ABOUT 15%. THE SERVER MAKER IS APPROACHING
ITS ALL-IMPORTANT DEADLINE TODAY.
IT HAS TO FILE A DELAYED REPORT OR SUBMIT A PLAN TO FILE THE
NASDAQ IN ORDER TO REMAIN

LISTED ON THE EXCHANGE.
IT HAS UNTIL 10:00 P.M. NEW YORK TIME TODAY. COMING UP, PRESIDENT-ELECT
TRUMP'S CABINET ADDS ANOTHER NAME, BRENDAN CARR, CHOSEN TO
LEAD THE FCC.

THIS IS BLOOMBERG TECHNOLOGY. ♪ CAROLINE:
PRESIDENT-ELECT DONALD TRUMP HAS CHOSEN BRENDAN CARR TO
BECOME THE FCC CHAIR. YOU HAVE BEEN FOLLOWING THE
ASCENT OF NOW ELECT CHAIRMAN

BRENDAN CARR.
HE IS BIG ON FREE SPEECH. IS HE GOING TO BE PRO- OR
NEGATIVE FOR SOCIAL MEDIA STOCKS? >> THANKS FOR HAVING ME.
I THINK WE ARE GOING TO HAVE TO

WAIT AND SEE HOW THIS PLAYS OUT
IN TERMS OF THE MARKETS. I THINK BRENDAN CARR, AS I HAVE
BEEN FOLLOWING HIM AT THE FCC SINCE 2017, HAS HAD A LOT TO
SAY ABOUT SOCIAL MEDIA

COMPANIES AND PERCEIVED
CENSORSHIP ON BROADCAST TV AS WELL AS ON THE INTERNET. AND I THINK HE IS -- THIS IS
SOMETHING HE HAS BEEN TALKING ABOUT A LOT, BUT THERE IS STILL
A QUESTION OF HOW MUCH HE CAN

ACTUALLY TAKE THAT AND TURN IT
INTO ACTION AT THE FCC. THE AGENCY HAS A VERY NARROW
REGULATORY FRAMEWORK THAT IT FOLLOWS.
UNDER CARR, I THINK HE WOULD LOOK TO DEREGULATE CERTAIN
PARTS OF THE INDUSTRY WHILE

ADDING REGULATIONS OR EXPANDING
THE AGENCY'S FOOTPRINT AND THINGS LIKE SOCIAL MEDIA.
THAT WE WOULD NOT HAVE SEEN BEFORE. >> MANY REFERENCED THE GUEST
ESSAY WITHIN PROJECT 2025 WHERE HE OUTLINES HIS VIEW ON SPEECH
AND MODERATION AND SOCIAL MEDIA.

COULD WE SEE CHANGES THERE? >> THAT IS AN INTERESTING
QUESTION WE WILL HAVE TO KEEP WATCHING CLOSELY.
HE HAS FOR QUITE A FEW YEARS ADVOCATED FOR USING THE
COMMUNICATIONS ACT TO GIVE THE

FCC A TOEHOLD INTO POTENTIALLY
REGULATING THE WAY THAT SPEECH IS DISPLAYED ON THE INTERNET
AND MAYBE THERE IS A WAY HE COULD ADDRESS THIS AT THE
AGENCY, BUT THAT WOULD MARK

UP ARCHER BECAUSE THE AGENCY
HAS NEVER TRIED TO DO THAT BEFORE. CAROLINE:
WE WILL ALSO KEEP AN EYE ON WHAT HE THINKS OF STARLINK.
RAY TO HAVE YOU ON. THANK YOU. LET'S TALK ABOUT APPLE AND
RELIANCE ON CHINA.

WHAT DOES THAT MEAN IN TERMS OF
VULNERABILITY TO DONALD TRUMP'S TARIFFS?
TIM COOK MAY HAVE A PLAN IN PLACE TO SOFTEN ANY BLOW. WE ALWAYS TURN TO YOUR POWER ON
OVER THE WEEKEND AND YOU ARE

ARTICULATING HOW TRUMP COULD BE
A GOOD THING FOR APPLE. >> ON THE SURFACE, MANY OF THE
VALUES AND SOCIAL ISSUES THAT TRUMP HAS PUSHED THROUGH HIS
CAMPAIGN WOULD SEEM TO RUN

COUNTER TO STATEMENTS AND
VALUES THAT APPLE HAS PUSHED OVER THE LAST SEVERAL YEARS,
THINGS FOR WOMEN'S RIGHTS TO IMMIGRATION TO CLIMATE CHANGE.
APPLE IS PUSHING ONE NARRATIVE AND TRUMP IS PUSHING ANOTHER,
BUT IF I TOLD YOU THAT TIM COOK

AND OTHER APPLE EXECUTIVES
BREATHED A SIGH OF RELIEF WHEN TRUMP BEAT HARRIS EARLY THIS
MONTH, YOU PROBABLY WOULD NOT BELIEVE IT, BUT I BELIEVE THAT
IS THE CASE.

I BELIEVE THE TIM COOK AND
APPLE AS A WHOLE BELIEVE THEY ARE ABLE TO DEAL MORE CLOSELY
WITH TRUMP THAN THEY WERE ABLE TO DEAL WITH THE BIDEN
ADMINISTRATION. I BELIEVE TIM COOK BELIEVES
THAT, DESPITE TRUMP PUSHING

TARIFFS, HE HAS FLOATED A 60%
TARIFF ON CHINESE GOODS AND A 20% TARIFF ON GOODS IMPORTED TO
THE U.S. FROM OUTSIDE CHINA, THAT COULD
BE DESTRUCTIVE TO APPLE, BUT

COOK LIKELY BELIEVES HE CAN GET
TARIFF WAIVERS AND HAS A PLAN IN PLACE FROM PROMOTING JOB
CREATION IN AMERICA TO A NEW CAMPUS THEY ARE BUILDING IN
NORTH CAROLINA TO A NEW POINT

IN ARIZONA PUSHING OUT SHIPS --
CHIPS FOR APPLE. THERE'S ALSO THIS DEPARTMENT OF
JUSTICE LAWSUIT REGARDING THE APP STORE AND OTHER APPLE
PRACTICES. COOK LIKELY BELIEVES HE CAN GET
TRUMP TO PULL BACK ON THAT.

THERE IS THE CORPORATE TAX
POLICY DIFFERENCE, SO IT SEEMS COOK HAS A PLAN TO MAKE THE
MOST OF THIS NEW ADMINISTRATION, AS MUCH AS IT
RUNS COUNTER TO APPLE VALUES AND PROBABLY ANGERED PERHAPS
THE MAJORITY OF APPLE EMPLOYEES

RANK-AND-FILE. CAROLINE:
MEANWHILE, ELON MUSK IS BLURRING THE LINES BETWEEN
REALITY AND INTERNET CULTURE AGAIN, BRINGING DOGE TO THE
WHITE HOUSE.

IT HAS BECOME HIS LATEST PET
PROJECT UNDER PRESIDENT-ELECT TRUMP. TAKE A LISTEN. >> ELON MUSK IS SET TO LEAD THE
DEPARTMENT OF GOVERNMENT EFFICIENCY, OR DOGE.

WE KNOW MUSK LOVES MEMES, THE
INTERNET, AND TWITTER, WHICH IS WHY HE SPENT $40 BILLION TO BUY
THE COMPANY. WILL THAT AFFINITY TRANSLATE
INTO EFFECTIVE GOVERNMENT

POLICY? ACCORDING TO TRUMP, THE
DEPARTMENT WILL HAVE PLANS TO ELIMINATE FRAUD AND IMPROPER
PAYMENTS AND CONDUCT FINANCIAL AND PERFORMANCE AUDITS ACROSS
THE FEDERAL GOVERNMENT, BUT

ALREADY A CLEAR WINNER IS
EMERGING FROM THE CREATION. BACKERS OF DOGE COIN SAW THE
CURRENCY SPIKE, DRIVEN IN PART BY OPTIMISM OVER TRUMP'S
DIGITAL CURRENCY STANCE AND

NEEDED BY THE DOGECOIN ANNOUNCEMENT.
MUSK SAYS THERE WILL BE A LEADERBOARD FOR INSANELY DUMB
SPENDING, SO AMERICA MAY OPERATE AS THE LAND OF THE MEME
AS POLICY BECOMES EVEN MORE

PUBLIC. CAROLINE: COMING UP, TESLA SHARES SURGE
AS THE TRANSITION TEAM PLANS TO MAKE SHARES -- PLANS TO MAKE
SELF-DRIVING CARS A PRIORITY. AND THE WORRIES ABOUT MARKET
IMPACT OF ROBOTAXIS.

THIS IS BLOOMBERG. ♪ TIME FOR TALKING TECH.
EUROPE IS ONE OF THE WEAKEST TELECOM MARKETS IN THE WORLD. UNLESS MAKERS CUT REGULATION
THERE, HIS COMPANY WILL

CONTINUE TO SHIFT INVESTMENTS
TO MARKETS ABROAD. QUARTERLY REVENUE EXCEEDED
ANALYST EXPECTATIONS WITH THE SMARTPHONE COMPANY GETTING A
FOOTHOLD IN THE EV SECTOR IN MARCH. THE COMPANY IS TARGETING
130,000 DELIVERIES ON ITS FIRST

ELECTRIC SEDAN AND EXPECTS ITS
SMARTPHONE AND EV BUSINESSES TO GROW FURTHER IN 2025.
MEMBERS OF THE TRANSITION TEAM OF PRESIDENT-ELECT TRUMP HAVE
TOLD ADVISORS A PLAN TO EASE

RULES FOR SELF-DRIVING CARS
ACCORDING TO SOURCES WHO SAY THEY PLAN TO MAKE A FEDERAL
FRAMEWORK FOR THE TECHNOLOGY ONE OF THE TRANSPORTATION TO
PARTNER AND PRIORITIES. LET'S DISCUSS THAT MORE WITH
DAVID WELSH IN DETROIT.

TELL US ABOUT THIS SPEED UP AND
WHO BENEFITS. IT SEEMS TO BENEFIT TESLA. >> ELON MUSK HAS A PLAN TO PUT
OUT A FLEET OF ROBOTAXIS. THOSE VEHICLES HAVE NO STEERING
WHEEL OR PEDALS AND THAT HAS BEEN

A STICKING POINT FOR
COMPANIES THAT MAKE AUTONOMOUS VEHICLES.
YOU CAN APPLY FOR AN EXEMPTION FROM THE NATIONAL HIGHWAY
TRAFFIC SAFETY ADMINISTRATION AND IT WILL ALLOW YOU UP TO
2500 OF THOSE VEHICLES ON THE ROAD

PER YEAR.
THAT IS A TINY NUMBER COMPARED TO WHAT ELON MUSK WANTS TO DO
AND IT IS DIFFICULT TO GET THAT EXEMPTION.
GENERAL MOTORS TRIED FOR TWO YEARS AND IT WAS POCKET VETOED.
JUST HAVING THE TRANSPORTATION

DEPARTMENT INTERESTED IN
LOOKING AT THIS AND MAYBE CLEARING UP SOME OF THE
ROADBLOCKS WOULD HELP TESLA AND OTHERS IN TERMS OF GETTING
TECHNOLOGY ON THE ROADS AND BIGGER TEST FLEETS.
THERE HAVE BEEN REQUESTS IN THE

PAST TO INCREASE THE NUMBER
TO 200,000. THAT WOULD ALLOW ROBOTAXI
COMPANIES TO HAVE A HUGE FLEET IN A NUMBER OF CITIES AND GET THE
BUSINESS GOING. IT WILL PROBABLY STILL REQUIRE
AN ACT OF CONGRESS, BUT IF YOU

HAD SOMETHING LIKE 100,000 AND
AN EASIER WAY TO GET THAT EXEMPTION, THAT WOULD DO QUITE
A BIT FOR ELON MUSK AND ANYONE ELSE WHO WANTS TO HAVE
ROBOTAXIS. CAROLINE:

COMING UP, WHAT ELSE TO EXPECT
WITH THE UPCOMING TRUMP ADMINISTRATION.
A PUSH TO AI'S WHEN WE NEED TO FATHOM. THAT IS COMING UP.
LET'S LOOK AT WHAT IS HAPPENING WITH ROBINHOOD.
IT COULD BE A KEY BENEFICIARY

IF THE TRUMP ADMINISTRATION
IS MORE PRO-CRYPTO. WHAT ANALYSTS ARE SAYING WENT
UP ALMOST 9% FOR ROBINHOOD MARKETS TODAY. CAROLINE:
WELCOME BACK TO "BLOOMBERG

TECHNOLOGY."
I'M CAROLINE HYDE IN NEW YORK. LET'S GET YOU A QUICK CHECK ON
THE MARKETS BECAUSE IT HAS BEEN A VOLATILE START OF THE WEEK
BUT WE ARE HIGHER ON THE NASDAQ

100. NASDAQ 100 UP A FULL
PERCENTAGE, HAVING HAD ITS LONGEST SELLOFF SINCE JANUARY.
WE ARE NOW BACK ON TOP AS THE MARKET SOMEWHAT IS CALM ON THE
DAY. BITCOIN IS ECLIPSING $92,000
AGAIN.

MICROSTRATEGY HAS ADDED ANOTHER
52,000, $30 BILLION IN ITS BALANCE SHEET FOR THE RECORD
HIGH. NVIDIA FALLS. THE MARKET COULD ANTICIPATE
SOME MARKET SHARE BEING TAKEN

BY ADVANCED MICRO DEVICES.
THIS ALL COMING FROM THE INFORMATION.
GETTING SOME SUPPLIES NEXT IN PARTICULAR TO THE BLACKWELL
CHIP SYSTEM. WE HAVE A STATEMENT COMING FROM
NVIDIA ON THE BACK OF THIS

REPORTING TALKING ABOUT HOW THE
SYSTEMS ARE THE MOST ADVANCED COMPUTERS EVER CREATED AND THEY
ARE SAYING CUSTOMERS ARE RACING TO BE FIRST IN THE MARKET.
AND THEY ARE WORKING WITH LEADING CLOUD PROVIDERS AS AN
INTEGRAL PART OF THE

ENGINEERING TEAM AND PROCESS.
THE ENGINEERING ITERATIONS ARE NORMAL AND EXPECTED.
WE HAVE SEEN THE SHARE PRICE REACTION EASE SOMEWHAT.
THEY WERE DOWN 3% EARLIER. LET'S TALK ABOUT AI BECAUSE
DONALD TRUMP'S VIEWS ARE PRETTY

UNCLEAR. THEY HAVE EXPRESSED
PRESENTATION AND FEAR OF THE POTENTIAL.
NOW DONALD TRUMP IS EXPECTED TO TAKE AN ACCELERATIONIST
APPROACH WHICH COULD LEAD TO THE DISMANTLING OF THE EXISTING
AI SAFETY INITIATIVES.

BLOOMBERG'S REPORTER HAS BEEN
WRITING ABOUT THIS. KEY ACCELERATIONISTS, ARE THEY
GOING TO GET WHAT THEY WANT WITH TRUMP? >> RIGHT NOW THEY ARE CERTAINLY
CELEBRATING AS IF THEY ARE.

RIGHT AFTER THE ELECTION AND
RESULTS WERE COMING IN, IF YOU WERE LOOKING ON TWITTER OR X,
YOU WOULD SEE A LOT OF THEM CELEBRATING TRUMP'S WIN BECAUSE
THEY SEE HIM AS A SYMBOL OF

DEREGULATION, OF MODERN
INDUSTRY -- OF ALLOWING INDUSTRY TO MOVE FORWARD AS
FAST AS THEY WANT TO, AS THEY SEE THE HARRIS
ADMINISTRATION AS A DECELERATIONIST TRYING TO HOLD
THEM BACK, WHICH IS SOMETHING

THEY DON'T LIKE. CAROLINE:
WHAT ON EARTH IS ELON MUSK? ELLEN: GREAT QUESTION.
ONE THAT I AM SURE WE WILL BE PULLING APART IN THE NEXT FEW
MONTHS, BUT I THINK ELON IS

KIND OF A QUESTION MARK IN THIS
WONDERING OF WHAT TRUMP IS GOING TO DO FOR AI.
OBVIOUSLY, HE WILL PLAY A BIG ROLE.
HE HAS EXPRESSED IN THE PAST CONCERNS ABOUT EXISTENTIAL RISK
FROM ARTIFICIAL INTELLIGENCE,

WHICH COULD MEAN HE MIGHT
SUGGEST THERE BE MORE REGULATIONS, ENOUGH TO ENSURE
THE TECHNOLOGY DOES NOT GET OUT OF CONTROL, WHICH IS A FEAR
THAT IS STILL SOMEWHAT PREVALENT IN SILICON VALLEY.
ELON HAS EXPRESSED MORE

RECENTLY HE WILL PUSH FOR A
BODY THAT COULD AT LEAST OVERSEE SOME OF THESE MAJOR AI
LABS AND RING THE ALARM IF SOMETHING LOOKS LIKE IT IS
GOING TO GO AWRY. CAROLINE:

Tesla Boosts Stocks, Apple's Tariff Game Plan | Bloomberg Technology

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Market Overview and Tech Stock Performance

NVIDIA falls due to design issues with its high-end chips.

Tesla shares rally as the Trump team looks to ease self-driving rules.

Bitcoin rises significantly; Citigroup attributes crypto's growth to the equity market.

Tesla's rise linked to Trump administration's potential impact on autonomous vehicles.

NVIDIA's volatility due to concerns about design complexity of Blackwell chip lineup.

Analysis of NVIDIA's Challenges and Market Position

Tech focused reporting network expresses concerns about potential slowdown and ramp-up of Blackwell.

Discussion on the impact of potential delays on NVIDIA's share prices.

AI training still primarily relies on NVIDIA chips despite available alternatives.

AMD's potential to gain market share is discussed.

Analysis of the manufacturing difficulties faced by NVIDIA in producing high-performance, energy-efficient chips.

NVIDIA's Earnings Expectations and Future Outlook

Anticipation of an 83% increase in revenue for NVIDIA's fiscal third quarter.

Discussion on the key lines from the upcoming NVIDIA report.

Analysis of NVIDIA's growth rate compared to other companies in the chip sector.

Discussion on the expansion of NVIDIA's addressable market beyond data centers.

Broader Market Perspective on AI and Energy Needs

Discussion on the continued growth of the AI trade and potential near-term challenges.

Analysis of the importance of energy in powering AI advancements.

Discussion on the importance of quantum computing and its impact on the AI trade.

Explanation of the importance of quantum computing for supercomputers and data processing.

Analysis of Palantir's volatility and investment opportunities.

Discussion on strategies for managing volatility in the market, including ETFs.

Long-term investment approach and strategies for dealing with stock pullbacks.

Discussion on the outlook for cryptocurrency and investment strategies.

MicroStrategy's increased investment in Bitcoin.

Super Microcomputer's deadline for filing a delayed report or submitting a plan to remain listed on the NASDAQ.

Brendan Carr's appointment as FCC chair and its potential impact on social media stocks.

Discussion on Apple's reliance on China and vulnerability to Trump's tariffs.

Elon Musk's involvement in the Trump administration and the impact on Dogecoin.

Impact of Trump Administration on Self-Driving Cars and Tech Policy

Discussion on the potential impact of Trump's policies on the telecom market.

Analysis of the potential impact of Trump's policies on the EV sector.

Trump administration's plan to ease rules for self-driving cars.

Discussion on the benefits of easing regulations for self-driving cars, particularly for Tesla.

Robinhood's potential to benefit from a pro-crypto Trump administration.

Uncertainty surrounding Trump's views on AI and the potential impact on AI safety initiatives.

Analysis of the accelerationist approach and its potential implications for AI regulation.

Discussion on Elon Musk's role in shaping AI policy under the Trump administration.

Analysis of the US-China competition in AI and its potential impact on policy.

Analysis of Potential Changes in AI Regulations Under Trump

Discussion on the potential repeal of Biden's executive orders on AI.

Analysis of the difficulty in undoing the work already done by agencies under Biden's administration.

Discussion on the potential impact of unwinding AI regulations on innovation and safety.

Analysis of the potential for self-regulation within companies to address biases in AI systems.

Discussion on the potential for positive changes in AI policy under the Trump administration.

AI in Everyday Life and the Rise of AI Relationships

Discussion on a new episode of "Post-Human" exploring the rise of AI relationships.

Overview of a social media influencer who transformed herself into an AI.

Discussion on the initial reaction to the AI girlfriend chatbot and its subsequent shutdown.

Discussion on the financial success of the AI girlfriend chatbot.

Biotech M&A and Halozyme's Acquisition of Evotec

Halozyme's plan to acquire Evotec, a drug discovery and manufacturing company.

Description of Halozyme's platform for drug delivery and its impact on cancer treatment.

Explanation of Evotec's business model and its alignment with Halozyme's goals.

Discussion on the market's reaction to the acquisition and the need to convince investors.

Discussion on the timing of the M&A deal and its potential implications.

Netflix's Push into Live Sports and Technical Issues

Overview of the Tyson-Paul fight and the technical issues experienced by Netflix.

Analysis of Netflix's failure to deliver a smooth streaming experience for the event.

Comparison of Netflix's performance with competitors like Amazon and Apple.

Discussion on the steps Netflix needs to take to ensure smooth streaming for future events.

Analysis of the importance of smooth streaming for Netflix's advertising ambitions.