Bloomberg Surveillance
Bloomberg Surveillance TV: July 11, 2024
Jul 11, 2024
Rep. Haley Stevens discusses Biden's reelection bid. Sarah Hunt shares market insights on AI spending. David Kelly and Steve Ricchiuto unpack CPI data. Podcast explores market trends and economic strategies.
27:18
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Quick takeaways
- Investing in AI infrastructure raises concerns about valuations and profitability.
- Consumer behavior issues at Delta Airlines could signal broader impacts on consumer-facing companies.
Deep dives
Concerns about AI Spending
There are discussions about the ongoing AI infrastructure spending and whether companies like Apple should be rewarded for investing heavily in the future. The concern is around the levels of infrastructure built and when the spending will slow down, leading to worries about valuations and profitability stemming from the effective use of AI. The focus is on understanding when the spending will translate into profitable use cases.
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