Bloomberg Tech China Targets Apple, AMD Disappoints With AI Outlook
Feb 5, 2025
Apple faces a potential antitrust investigation in China, highlighting the tensions between U.S. and Chinese tech giants. Meanwhile, Alphabet's cloud business shows sluggish growth, causing shares to drop. AMD disappoints investors with a lackluster outlook for AI growth, raising concerns in the tech industry. Discussions also touch on the evolving strategies of ARM and Qualcomm, alongside Tesla's innovations in the autonomous vehicle space. The broader implications of AI advancements on corporate valuations and market dynamics are critically examined.
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China Targets Apple's App Store
- Apple faces a potential antitrust probe in China over its App Store practices.
- This comes amid escalating geopolitical tensions and mirrors similar probes in other countries.
Alphabet's Cloud Slowdown and AI Investment
- Alphabet shares fell after slower cloud growth and a $75 billion capex commitment.
- Despite short-term concerns, long-term AI investment is crucial for market dominance, says Brent Phil.
AMD's AI Outlook Disappoints
- AMD's stock tumbled due to a softer outlook for its AI data center business.
- While the rollout of their new AI chip is slower than anticipated, the core data center business continues to grow.