Bloomberg Tech Tech Left Behind in S&P 500’s Latest Rebound
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Dec 3, 2025 Todd McKinnon, CEO of Okta, shares insights on securing AI through identity management, emphasizing the importance of safe data access in a growing AI landscape. Market commentator Bailey Lipschitz analyzes the market dynamics, revealing investor concerns about tech stocks underperforming despite a broader market rebound. They discuss TikTok's hefty investment in Brazil's data center and how the shifting focus in investor sentiment may reshape the tech sector, highlighting intriguing opportunities and challenges ahead.
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Investors Diversify Beyond Big Tech
- Investors are diversifying away from mega-cap tech after October's rebound as AI spending uncertainty rises.
- Health care and other defensive sectors outperformed while tech became the worst-performing group since late October.
AI Is Early But Structurally Important
- AI is in its infancy but still expected to drive long-term growth and draw substantial spending into multiple sectors.
- Large-cap, high-quality companies remain refuge investments when markets pull back despite political risks.
AWS Balances Tranium And NVIDIA
- AWS pursues both in-house accelerators (Tranium) and NVIDIA GPUs to match diverse customer workloads.
- Tranium already powers a majority of inference tokens in Bedrock, delivering early operational benefits.