Bloomberg Television

AI Trade Roars Back, Anthropic IPO Outlook, Nordstrom Co-CEO on Going Private

Jitania Kandhari, Nathan Sheets, Liz Westcott, Gary Marcus, Tiffany McGhee, Evan Schlossman, Dan Niles, Pete Nordstrom, Dana Telsey, John Imah, Romane Bostick, Bonnie Quinn, Jatanya Kandari, Norah Melinda, Carol Masser, Tim Stenovich

Post-election market volatility subsided as semiconductor and "neocloud" stocks rallied amid hotter-than-expected inflation data that reignited Federal Reserve rate hike expectations. While major tech names declined, investor sentiment remains divided on the sustainability of current AI valuations, with scrutiny focused on Anthropic's rumored trillion-dollar IPO and potential commoditization risks. Concurrent corporate developments include Woodside Energy's progress on LNG infrastructure, Nordstrom's strategic pivot under private ownership, and Michael Burry's renewed confidence in Lululemon despite recent share price declines.