
Closing Bell
Closing Bell Overtime: Bessemer’s Byron Deeter On When The AI IPOs Are Coming; Bitwise CEO On Spot Ether ETFs 7/22/24
Jul 22, 2024
Bessemer's Byron Deeter discusses Silicon Valley, Kamala Harris, and the future of AI and cloud companies. Bitwise CEO Hunter Horsley talks about the spot ether ETF. Key topics include AI IPOs by 2025, Ethereum's evolution, and the impact of tech leaders on the market.
43:21
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Quick takeaways
- NXP Semiconductor faces challenges due to weak automotive demand and high inventory levels.
- Launch of Bitwise's Spot Ethereum ETF marks a historic moment for Ethereum accessibility and market impact.
Deep dives
NXP Semiconductor Reports Weaker Than Expected Outlook
NXP Semiconductor reported quarterly results slightly below expectations, with an outlook for the third quarter coming in below analyst predictions. The company, heavily reliant on the automotive sector for revenue, is facing challenges amidst weaker end demand and high inventory levels.
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