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Bloomberg Television47 min

Trump Says FBI Reviewing Nvidia CEO Huang's Affair

Trump, Huang, Goolsbee, Bailey, Sven Schneider, Putin, Chad Thomas, Winnie Hsu, Neil Kampling, Manu Baigori, Abir Abu Omar, Ben Ram, Tom McKenzie, Anthony Halpin, Oliver Crook

Earnings Call, Interview, Press Conference
  • SoftBank anticipates a net loss of 1.12 trillion yen for the current quarter following a projected 95 percent profit decline, while expecting to finalize OpenAI's latest funding round within the next few days.
  • TSMC forecasts sales rising 63 percent in the final quarter of the year, building on a 51 percent growth rate observed in September, aligning with a previous better-than-expected revenue outlook.
  • SpaceX plans to build and operate a gas-fired power plant and supercomputing facility at its Starbase, Texas headquarters, with an initial phase estimated at $24 billion, pending potential tax breaks and development agreements to be reviewed by city officials next month.
  • Bayer expects a newly U.S.-approved stroke drug to serve as a key growth driver amidst generic competition eroding sales of other products.
  • Infineon projects fiscal year 2027 revenue of approximately 20 billion euros, representing over 20 percent growth, driven by a convergence of cyclical upcycles and structural factors, with gross margins expected to expand by 500 basis points to the mid-to-high 40s.
  • For the current fiscal year, Infineon forecasts Q1 revenue of 4.6 billion euros and Q4 revenue of 4.7 billion euros, matching consensus estimates, while aiming to grow its power division revenue from 2.2 billion to nearly 4 billion euros.
  • The automotive and edge systems divisions are expected to generate around 2 billion euros in revenue for Infineon, supported by mid-to-long-term customer offtake agreements worth over 10 billion euros with AI and data center clients.
  • Infineon anticipates a slight price increase for fiscal year 2027, contrasting with normal industry price declines, and plans to pass on logistics, power, and foundry partner cost increases to customers to prevent margin dilution.
  • Markets anticipate Anthropic's IPO debut before Thanksgiving, though valuation expectations have adjusted downward from a peak near $2 trillion to a range of 1 to 1.3 trillion following the retraction of prior $69.3 billion fundraising targets.
  • Investors may face scrutiny regarding AI spending sustainability and build-out returns post-Thanksgiving due to potential Democratic policy hurdles and concerns over data center shutdowns.
  • The Federal Reserve is expected to pursue rate hikes of at least 50 basis points, potentially exceeding this if inflation data remains sticky, with the neutral rate estimated at 120 basis points compared to the historical 100 basis points.
  • U.S.-China discussions next week are expected to cover AI, intellectual property, and technology protection, potentially including further export controls on leading NVIDIA chips.
  • Energy markets currently rely on tangible developments rather than geopolitical headlines, with a breakthrough in the nine-month conflict seen as necessary for meaningful price adjustments, though a Red Sea flare-up involving Houthis and Saudi Arabia could disrupt movements.
  • Negotiations between Russia and Ukraine face significant divergence, with Ukraine preferring a ceasefire along existing lines while Russia demands territorial concessions in eastern Donetsk, and Russian leaders are increasingly concerned about domestic visibility of war casualties.
  • Germany seeks a fair financing commitment from all EU members for Ukraine to avoid repeating loan efforts where the Czech Republic, Slovakia, and Hungary previously withheld support, despite French political obstacles to funding.
  • European summits are scheduled for late November and December to resolve the ECB succession process, including the president and chief economist roles, before Christine Lagarde's departure in February, with the 2028 EU budget expected to be finalized by year-end.
  • Russia is seeking U.S. engagement on post-war security arrangements, while the U.S. government continues to reject Iranian demands for nuclear concessions, asset unlocks, or naval blockade removal.
  • Vessel traffic in the Strait of Hormuz remains at levels comparable to pre-war periods, and U.S. officials do not view additional strikes on Iran as necessary.