Bloomberg Daybreak: Europe Edition No AI Bubble Says Nvidia, Bumper Bank Earnings, Speedy Trading Showdown
Oct 29, 2025
Mayumi Nagishi, Technology editor at Bloomberg, dives into the fascinating world of AI and semiconductor trends. She highlights NVIDIA's CEO Jensen Huang dismissing fears of an AI bubble, asserting the company's upcoming Blackwell chips could generate massive revenue. The discussion then shifts to SK Hynix's strong performance driven by AI demand and how geopolitical tensions may impact NVIDIA's access to the Chinese market. With insights into bank earnings and the latest AI developments, the conversation is both enlightening and timely.
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AI Shift To Accelerated Computing
- Jensen Huang says AI is shifting from general-purpose to accelerated computing, not a bubble.
- He argues current AI reasoning makes chips worth the extreme valuations buyers are paying.
Big Bets Fuel Sector Consolidation
- OpenAI restructured giving Microsoft a 27% stake, intensifying sector consolidation.
- Bloomberg frames this alongside Huang's revenue forecast as fueling unprecedented investment and speculation.
China Access Is A Major Revenue Wildcard
- Huang says NVIDIA assumes zero revenue from China for now and sees any return as a huge bonus.
- He links U.S.-China policy and presidential negotiations directly to NVIDIA's market access.
