Bloomberg Intelligence

Oracle plans a massive deployment of AMD's MI450 chips, marking a shift toward alternatives to NVIDIA. GM faces a hefty $1.6 billion charge as it retrains its EV strategy amid government policy changes. Boeing impresses with a rebound, delivering 160 aircraft, the highest in years. On the food front, Kellanova is set to launch a protein-packed version of Pop-Tarts, joining the trend of healthier snacks. The podcast also explores the evolving landscape of AI partnerships and the implications for major players in tech.

OpenAI and Broadcom are teaming up for a massive 10-gigawatt AI data center capacity expansion. They'll create custom chips that could significantly cut costs compared to existing competitors. Meanwhile, First Brands faces turbulence with a CEO resignation amid bankruptcy, raising concerns about the auto market. In media news, Warner Bros turned down Paramount's low takeover offer, keeping its options open for future negotiations. Discussions around Apple’s potential role in AI infrastructure highlight its challenges in catching up.

A $10.9 billion merger between Fifth Third and Comerica reshapes the regional banking landscape. Verizon's new CEO, Dan Schulman, is poised to innovate consumer relationships beyond wireless. OpenAI's agreement with AMD for GPU use raises questions about infrastructure financing. Meanwhile, IBM's partnership with Anthropic aims to enhance AI for enterprise clients. On the consumer front, Constellation Brands adapts to changing tastes with non-alcoholic offerings, while ICE invests in Polymarket to tap into retail prediction markets.

Microsoft faces a persistent data center crunch, with shortages impacting cloud growth and AI infrastructure. Analysts discuss how this affects spending and margins in tech. Meanwhile, Stellantis feels pressure from proposed tariffs due to its reliance on Mexican production, prompting potential reshoring. In retail, strong demand is seen in hardlines like beauty and sports goods, despite economic uncertainties. Loyalty programs and unique products are key for retailers to keep customers engaged in a competitive market.

Geetha Ranganathan, a media analyst at Bloomberg Intelligence, discusses the intriguing potential consolidation between Paramount and Warner Bros. Discovery. She shares insights on why Paramount is considering this move and the strategic motivations behind it. Geetha also touches on the challenges of funding and regulatory hurdles that could impact the deal. With private equity talks in play, she highlights Warner's debt situation and the implications for any future acquisition, providing a fascinating look at the evolving media landscape.

Elon Musk's AI startup xAI is raising a whopping $20 billion, with significant backing from Nvidia. There's a debate over whether the FCC will relax TV ownership caps, particularly impacting broadcasters like Nexstar-Tegna. Dell's future looks bright with growing demand for AI servers, while Cisco is making its mark in AI networking but faces tough competition. In the auto sector, BMW is struggling with lower guidance due to weak sales in China, and Tesla is rolling out new models under $40K to ramp up competition.

Dell Technologies has dramatically increased its growth estimates due to surging demand for AI products, positioning itself as a key player in on-prem AI server solutions. Meanwhile, AppLovin faces scrutiny from the SEC over its data-collection practices, raising concerns about its business model. Constellation Brands is navigating challenges in the beer market, adjusting its strategies in response to changing consumer preferences. Lastly, IBM's integration of Anthropic's language models into its software could reshape enterprise AI deployment.

A groundbreaking deal between AMD and OpenAI promises to generate tens of billions in revenue, focusing on AI infrastructure. Meanwhile, Fifth Third Bancorp's acquisition of Comerica marks the largest U.S. bank deal this year, stirring discussions on regional banking dynamics. Verizon's surprising CEO change signals new directions in consumer finance strategy. Lastly, experts delve into the electric vehicle transition, examining challenges traditional automakers face and the market's response to shifting tax credits.

Nike is showing signs of a turnaround, with new products boosting wholesale growth despite challenges in China. Spotify's leadership transition signals a new growth phase as it aims for a billion users, leveraging AI for innovation. EA's massive $55 billion buyout highlights its strong IP and revenue potential, while Exxon faces workforce cuts amid restructuring. The podcast also discusses the increasing appeal of nuclear energy for tech giants and Carnival's conservative growth strategy in the cruise market.

Jody Lurie, a Bloomberg Intelligence credit analyst specializing in the cruise industry, shares insights on consumer demand and booking trends. She highlights the strong return of cruisers and increased onboard spending, yet flags potential dips in demand by 2026. Lurie discusses the balance between new ship construction and debt reduction and examines varying pricing strategies among cruise lines. Her analysis sheds light on how market dynamics could impact future profitability and customer acquisition, raising questions about brand differentiation in a competitive landscape.