Bloomberg Tech Microsoft SharePoint Hack, Musk’s Wild Business Bets
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Jul 21, 2025 
Ben Fletcher, an Axel partner, shares insights on investing in the coding startup Lovable, discussing how it aims to democratize app development. Jeremy O'Brien, co-founder and CEO of CyQuantum, dives into the ambitious project of building a quantum computer campus in Chicago, highlighting the innovations and challenges involved. The podcast also addresses the recent Microsoft SharePoint hack threatening numerous organizations and examines Elon Musk's controversial business strategies impacting his ventures.
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Microsoft SharePoint Hack Risks
- The hack of Microsoft's SharePoint software affects tens of thousands of organizations using on-premise versions.
- This vulnerability highlights risks for customers who have not updated to the cloud and could lead to data breaches or ransomware attacks.
AI Spurs Tech Stock Gains
- AI spending is driving stock gains in major tech companies like Meta, Microsoft, and NVIDIA.
- Meanwhile, companies like Apple and Tesla are lagging, showing a bifurcation in tech performance this year.
High Bar for Earnings Growth
- Earnings expectations are high, with the S&P 500 expected to post 5% earnings growth year-over-year.
- However, the growth is company-specific with a slower pace among mega caps, signaling more selective resilience in earnings.