You know, Carl, I look at these stocks. Everything's a battleground. It just doesn't matter.Everything's battle. And one of the greatest battlegrounds this very morning is ARM. And I say that because ARM stock was down very 10%.Then it rallies 10%. I got we got to talk to someone from ARM. And that's what's so great.David, we have Renee Hos. Great ARM CEO. And he's going to clear everything up.Renee, welcome back to Squawk on the Street. >> Morning, Jim. >> All right.So Renee, I thought it was a great quart ...

LET’S GET STARTED. >> NEWSMAKERS AND MARKET MOVERS, THIS IS "THE PULSE" WITH FRANCINE LACQUA. FRANCINE: GOOD MORNING AND WELCOME TO "THE PULSE," I’M FRANCINE LACQUA HERE IN LONDON.THE GLOBAL SLUMP IN TECH STOCKS PAUSES AS SELLERS WEIGH WHETHER THE SELL-OFF WENT TOO FAR. IT EXTENDED ACROSS THE SECTOR INCLUDING CHIPMAKERS THE LAST FEW DAYS. HUNDREDS OF BILLIONS HAVE BEEN WIPED OFF THE VALUE OF COMPANIES, STOCKS, CORPORATE BONDS BUT ALSO LOANS.WE’RE JOINED BY OUR SENIOR STRATEGIST. NEIL, THE NATURE OF THE SELL ...

♪ >> IT IS 5:00 A. M. IN NEW YORK CITY.I AM VONNIE QUINN WITH YOUR "BLOOMBERG BRIEF." GLOBAL TECH SELLOFF STALLING AS A SILVER AND GOLD CONTINUED THEIR DOWNWARD SLIDE. INVESTORS PUNISHING ALPHABET ON ITS PLANS. ARM -- ON ITS CAPEX PLANS.IRAN CONFIRMS TALKS WITH THE UNITED STATES AS A SECOND DAY OF PEACE TALKS CONTINUES IN ABU DHABI. LET'S TAKE A LOOK AT THESE MARKETS. WE HAVE FUTURES DECIDING ON A DIRECTION AT THIS POINT.NASDAQ 100 FUTURES UP ABOUT 0.1% RIGHT NOW. THIS AFTER WE ERASED ALL OF OUR GAMES AND M ...

JOUMANNA: GOOD MORNING. THIS IS HORIZONS MIDDLE EAST & AFRICA. A GLOBAL TECH ROUT SNOWBALLS INTO ASIA, MELTING ANXIETY OVER FROTHY VALUATIONS AND MASSIVE AI SPENDING DRIVES INVESTORS TO TRIM EXPOSURE.PRECIOUS METALS PLUMMET WITH SILVER FALLING SHARPLY AND GOLD SLIDING AS THEY STRUGGLE TO FIND A PRICE FLOOR AFTER THE RECENT MARKET ROUTS. PLUS, OIL SLUMPS ON EASING GEOPOLITICAL RISK AS THE U.S. AND IRAN CAN FROM TALKS. PRESIDENT TRUMP SAYS THE SUPREME LEADER SHOULD BE WORRIED.IT HAS JUST GONE 9:00 A. M. ACROS ...

Group 1: Company Insights - Jiangbolong (301308.SZ) expects a net profit attributable to shareholders of 1.25 billion to 1.55 billion yuan for 2025, representing a year-on-year growth of 150.66% to 210.82%. The recovery in storage prices and increased demand from AI servers contributed to this growth [2] - SanDisk reported a sales revenue of 3.03 billion USD for its second fiscal quarter of 2026, a year-on-year increase of 61%. Adjusted earnings per share reached 6.2 USD, up 404% from the previous year, exceeding market expectations [2] - Helin Micro-Nano (688661.SH) anticipates a net profit of 26 million to 33 million yuan for 2025, indicating a turnaround from losses. The growth is driven by increased demand for high-performance computing chips and optimized business structure [3] Group 2: Industry Trends - The storage chip industry is currently experiencing a price increase due to factors such as surging AI demand and supply-side contraction, leading to a performance boom for global storage chain enterprises [3] - The semiconductor equipment and materials sector is identified as a key area for domestic substitution, benefiting from the AI revolution and ongoing technological advancements [4] - The semiconductor equipment ETF (562590) focuses on the upstream semiconductor sector, with significant allocations to semiconductor equipment (63%) and materials (24%), indicating a strong market focus [4]

Market Overview - The U.S. stock market experienced fluctuations with major indices showing mixed results; the Dow Jones Industrial Average rose by 0.11%, while the Nasdaq and S&P 500 fell by 0.72% and 0.13% respectively [2] - Large technology stocks mostly saw gains, with notable movements including META rising over 10%, marking its largest single-day increase since July, while Microsoft dropped approximately 10%, resulting in a market cap loss of $357 billion [3] Commodity Prices - Precious metals experienced significant volatility, with spot gold dropping over 5% at one point, falling below $5100 per ounce, and spot silver declining over 8% [1][7] - As of the latest updates, London gold was down 0.20% at $5406.958 per ounce, while COMEX gold rose by 1.67% to $5429.4 per ounce [7][8] - Other precious metals showed varied performance, with platinum down 2.36% at $2640.30 per ounce and palladium down 2.46% at $2006.40 per ounce [7][9] Energy Sector - Energy stocks showed positive movement, with Exxon Mobil increasing by 2.05%, Chevron by 0.7%, and ConocoPhillips by 1.39% [4] Airline Sector - The airline sector displayed mixed results; Boeing fell by 3.12%, while Delta Airlines rose by 1.06% and Southwest Airlines surged by 18.53% [5] Gold Mining Stocks - Gold mining stocks faced a downturn, with major companies like AngloGold Ashanti dropping over 7% and Newmont Mining down 3.81% [6]

Core Viewpoint - Recent demand for inference and training computing power is strong, leading to price increases from both Amazon Web Services (AWS) and Google Cloud [1][2] Group 1: Demand for Computing Power - The demand for computing resources for inference and training has significantly increased, supporting the need for training computing power [1] - AWS raised prices by approximately 15% for EC2 machine learning capacity blocks on January 23, 2026, followed by Google Cloud announcing price hikes for its cloud network transmission services, with North America seeing a doubling of prices [2] Group 2: Inference Side - The rapid emergence of AI agents, such as MoltBot, is expected to support the demand for inference computing power, as these agents can perform more complex tasks and require more computing resources [3] - Anthropic has raised its revenue expectations for 2026 and 2027 to $18 billion and $55 billion, respectively, indicating a strong upward trend in inference demand [3] Group 3: Training Side - The industrial sector is continuously exploring scaling limits, which supports the demand for training computing power, with new models expected to be released in Q1 2026 [8] - Models like Grok-5 and GPT-6 are anticipated to utilize larger datasets and parameter scales, increasing the demand for training computing power [8] Group 4: Financial Reporting Catalyst - The upcoming earnings reports from major cloud service providers (CSPs) will be critical in confirming the demand for computing power and capital expenditure continuity [9] - Key earnings dates include Microsoft and Meta on January 29, 2026, followed by Google on February 5 and Amazon on February 6, with NVIDIA's report on February 26 expected to further influence market sentiment [9][10]

Market Performance - The three major US stock indices closed mixed, with the Dow Jones up 0.11% at 49,071.56 points, the S&P 500 down 0.13% at 6,969.01 points, and the Nasdaq down 0.72% at 23,685.12 points [1] - Major tech stocks mostly rose, with META up over 10%, Microsoft down about 10%, Tesla down over 3%, TSMC down 1%, ARM down 1.39%, and ASML up over 2% [1] - Popular Chinese concept stocks showed mixed results, with Futu down over 2%, Bilibili and NetEase down over 1%, NIO up over 3%, and TAL Education up over 18% [1] - European stock indices closed mixed, with Germany's DAX down 1.92% at 24,347.16 points, France's CAC40 up 0.06% at 8,071.36 points, and the UK's FTSE 100 up 0.17% at 10,171.76 points [1] Commodity Prices - COMEX gold futures rose 1.32% to $5,410.80 per ounce, and COMEX silver futures rose 1.98% to $115.78 per ounce [1] - US oil main contract rose 3.64% to $65.51 per barrel, while Brent oil main contract rose 3.43% to $69.68 per barrel [1] Currency and Bond Markets - The US dollar index fell 0.20% to 96.16, and the offshore RMB against the US dollar decreased by 12.0 basis points to 6.9449 [1] - US Treasury yields were mixed, with the 2-year yield down 0.60 basis points to 3.557%, the 3-year yield down 1.39 basis points to 3.626%, the 5-year yield down 0.86 basis points to 3.814%, the 10-year yield down 0.59 basis points to 4.233%, and the 30-year yield up 0.01 basis points to 4.853% [1] - European bond yields collectively fell, with the UK 10-year yield down 3.3 basis points to 4.509%, France's 10-year yield down 0.9 basis points to 3.417%, Germany's 10-year yield down 1.8 basis points to 2.838%, Italy's 10-year yield down 1.9 basis points to 3.444%, and Spain's 10-year yield down 1.6 basis points to 3.202% [1]

Core Insights - SoftBank is negotiating a potential additional investment of up to $30 billion in OpenAI, which could set a record for the largest single financing in the AI sector [1] - This move reflects Masayoshi Son's aggressive strategy to tie SoftBank's future to AI, following a history of both significant successes and failures in his investment career [1][10] - The market's reaction to this news has been mixed, indicating both optimism for a revival of Son's investment prowess and concerns over his past reckless decisions [1] Investment Philosophy - Masayoshi Son's investment philosophy is characterized by a high-risk, high-reward approach, believing that major opportunities lie within significant trends [2] - His early investment in Yahoo! during the internet's infancy exemplified this philosophy, yielding a return of nearly 400 times his initial investment [3] - Son's strategy often involves heavy investments in a few key players, betting on the "winner takes all" principle, which has historically led to both monumental successes and catastrophic failures [4][22] Historical Context - The dot-com bubble burst in 2001 led to a dramatic decline in SoftBank's value, with its stock plummeting 99% and Son's personal wealth evaporating by approximately $700 billion [4] - Despite this setback, Son's investment in Alibaba during its early days became one of the most successful investments in history, yielding over $110 billion in returns [3][4] - The failure of WeWork, where Son invested heavily without adequate risk assessment, marked a significant downturn in his reputation as a "stable investor" [5][9] Recent Developments - In 2026, SoftBank's negotiations with OpenAI come after a series of strategic investments, including a previous stake in Nvidia, which Son sold to fund the new investment [11][12] - OpenAI's valuation has skyrocketed, with estimates reaching $830 billion, prompting Son to view it as a critical player in the AI landscape [13][14] - The partnership with OpenAI is part of a broader strategy that includes investments in ARM and a collaborative project with Oracle, aiming to create a comprehensive AI ecosystem [15][16] Financial Performance - SoftBank reported a significant turnaround in financial performance, with net profits soaring due to AI-related investments, particularly those linked to OpenAI [24][25] - The company's stock price has reacted positively to these developments, with investors expressing renewed confidence in Son's AI strategy [26] - However, the reliance on investment returns rather than operational profits raises concerns about the sustainability of this financial model [28] Risks and Challenges - OpenAI faces substantial challenges, including high operational costs and increasing competition from other tech giants, which could jeopardize its valuation and profitability [17][18] - Legal issues, such as lawsuits from Elon Musk, add another layer of risk to OpenAI's future, potentially impacting SoftBank's investments [18] - Son's historical tendency to overlook risks in favor of potential rewards remains a critical concern as he navigates the complexities of the AI market [29][30] Conclusion - The outcome of SoftBank's investment in OpenAI could either solidify Son's legacy as a visionary investor or lead to another significant setback, reflecting the unpredictable nature of the tech investment landscape [30][31] - Son's approach continues to embody the duality of risk and opportunity, making his future endeavors in the AI sector a focal point for investors and analysts alike [31]

A group of about 50 AI experts laid off by Sony Israel has moved to the Israel offices of British chip giant ARM, "Globes" has learned. Sony Israel, based in Hod Hasharon, announced in November that it was shutting down its R&D office in Israel after 10 years. To support its employees, Sony promised to help finance the re-establishment of Altair, the Israeli startup it acquired in 2016, which was then developing 4G cellular communication chips. It was believed that only some of the 200 employees would be ...