>> "BLOOMBERG TECH" IS LIVE FROM THE HEART OF SILICON VALLEY, WITH ED LUDLOW IN SAN FRANCISCO. ED: THIS IS "BLOOMBERG TECH." TECH STOCKS HIGHER POSITIVE RESULTS FROM COREWEAVE AND SUPER MICRO SHOWING THE BOOMING MARKET CONTINUES TO BOLSTER SALES. SILICON DATA WITH NEW FUNDING, PUTTING IT TO WORK ON BUILDING INDEPENDENT BENCHMARKS FOR AI COMPUTE.THE CEO JOINS US THIS HOUR. INVESTORS ARE BETTING AND AI MUSIC STARTUP CAN BE THE NEXT SPOTIFY, BUT IT HAS CONCERNS OF THEFT AND AI SLOP TO CONTEND WITH. WE WILL DIS ...

Market Trends and Stock Performance - Major stock market averages traded in positive territory, with the Dow Jones Industrial Average rising by 30 points and the S&P 500 index increasing by 17 points [1] - Technology sector showed strong performance, led by Nvidia shares rising by 2.8% and chipmaker shares trading mostly green [1] - Financial and energy institutions including JP Morgan, Bank of America, Marathon Petroleum, Phillips 66, and Valero reached fresh all-time highs [2] - US crude oil remained above $83 per barrel following vessel attacks in the Red Sea and the Gulf of Oman, while the national average for regular gasoline reached $4.3% [2] M&A and Corporate Valuations - The Los Angeles Lakers sports franchise achieved a new record high price, being acquired for $12 billion by investors Josh Kushner and Bob Iger [2][3] - The franchise changed hands within the span of about a year at a 20% increase compared to Mark Walter's previous purchase price of $10 billion [4] Macroeconomic and Inflation Data - The Consumer Price Index (CPI) for July increased by 0.1% on a month-over-month basis, while the headline year-over-year inflation rose to 3.4% [5] - Gasoline prices experienced a month-on-month decline of 2.9% [5], whereas airline fares increased by 2.2%, food at home by 0.1%, food away from home by 0.3%, and owner's equivalent rent by 0.3% [6] - Core Personal Consumption Expenditures (PCE) data was projected at an annual rate of 3.3%, indicating ongoing challenges for the Federal Reserve to reach its 2% inflation target [7][8] Technology and Product Releases - Google launched the Pixel 11 and Pixel 11 Pro Fold, integrating Gemini intelligence to connect cross-app information and operate as an autonomous agent [9] - Apple prepared to introduce its rebuilt Siri powered by Google's Gemini models shortly after Google's product rollout [10]

Bank of America unveiled a $250 billion initiative to invest in critical infrastructure across the US over the next year, joining its peers pushing for innovation across the country https://t.co/ySCzg2p1kH ...

First Look: Super Micro, Oracle, Bank of America, Toyota in Focus ...