Core Insights - Investors are increasingly concerned about the rising levels of debt associated with AI-related projects, indicating a potential overextension in the market [1] Group 1: Debt Issuance Concerns - The volume of AI-related debt issuance has surged, raising alarms among investors about sustainability and risk [1] - Analysts suggest that excessive borrowing in the AI sector could lead to financial instability if growth expectations are not met [1] - There is a growing sentiment that the current pace of AI investment may not be justified by the underlying economic fundamentals [1]

Core Viewpoint - Amazon Web Services (AWS) and Microsoft Azure may face stricter EU competition regulations as the European Commission investigates their market power and potential designation as "gatekeepers" in cloud computing [3][4]. Group 1: Investigations and Regulations - The European Commission will assess whether AWS and Azure should be included under the Digital Markets Act (DMA), despite not meeting the current thresholds for size, user numbers, and market position [4]. - A third investigation will explore the need to update the DMA to better address competitiveness and fairness in the cloud computing sector [6]. Group 2: Market Dynamics - US cloud providers dominate the EU market, holding approximately two-thirds of the market share, with AWS leading, followed by Microsoft Azure and Google Cloud [8]. - Recent service outages affecting major clients, including Alaska Airlines, have raised concerns about the reliability of these cloud services [9]. Group 3: Industry Response - AWS expressed confidence that the dynamic nature of the cloud computing sector, characterized by innovation and low costs, should prevent the designation of cloud providers as gatekeepers [5].

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jirkaejc/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify Bitcoin (BTC-USD) briefly slides below $90K for the first time in seven months. (00:23) Amazon (AMZN) raises $15B in first U.S. bond sale since 2022. (01:28) Google's (GOOG) (GOOGL) AI-fueled travel search engine sends online travel stocks into the red. (02:44) This is an abridged transcript. Bitcoin (BTC-USD) fell below $90,000 on Tuesday for the first time since April. As of the time of this recording, BTC is ...

Core Viewpoint - Amazon's stock has been downgraded from 'Buy' to 'Neutral' by Rothschild Redburn, with a new price target set at $250, indicating a potential increase of about 7% from its last closing price of $232 [1][3]. Group 1: Downgrade Details - The downgrade is primarily due to a cautious outlook on Amazon's cloud division, AWS, which has been a significant growth driver for the company [3]. - Analyst Alex Haissl noted that while AWS had previously exceeded expectations, the competitive landscape has changed considerably, limiting further upside potential [3][5]. - Haissl compared Amazon's situation to that of Microsoft, highlighting that although AWS is more integrated into Amazon's business than Azure is for Microsoft, the rise of generative AI presents new challenges for profitability [4][5]. Group 2: Market Sentiment - Despite the downgrade, Amazon maintains strong support from Wall Street, with all 42 covering analysts holding a 'Strong Buy' rating and no 'Hold' or 'Sell' recommendations [6]. - Analysts project a significant upside for Amazon, with an average 12-month price target of $296.64, representing a potential gain of approximately 26.4% from the current stock value. Price targets range from a low of $255 to a high of $340 [8].

The European Commission has launched market investigations on cloud computing services by Amazon and Microsoft under the digital markets act (DMA), which aims to curb the power of Big Tech and ensurin... ...

Core Insights - Elon Musk criticized Jeff Bezos's new startup, Project Prometheus, labeling him a "copycat" in a social media post, highlighting the competitive nature between their companies [2][3] Group 1: Project Prometheus - Project Prometheus is Jeff Bezos's latest venture focused on developing AI tools for various sectors including automotive, space, and robotics, with reported funding of $6.2 billion [3] - The startup has attracted talent from major tech companies, including Meta Platforms and OpenAI, indicating a strong recruitment strategy [3] Group 2: Competitive Landscape - Musk and Bezos are direct competitors, with Musk's SpaceX and Bezos's Blue Origin both operating in the aerospace sector, and Project Prometheus potentially competing with Musk's xAI [2] - Bezos's backing of Slate Auto, which aims to launch an affordable electric vehicle pickup truck, positions it as a competitor to Tesla [2] Group 3: Tesla's Position - Musk defended Tesla against criticism regarding its AI spending, stating that the company has not prioritized spending in AI training for Full Self-Driving (FSD) as it was not a limiting factor [6] - Tesla's stock showed positive momentum, with a 1.13% increase to $408.92 at the end of the regular trading session and a further 0.30% rise in after-hours trading [6]

"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Singapore with Shery Ahn and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. Chapters: 00:00:00 - Bloomberg: The Asia Trade begins 00:03:46 - Stock slide poised to spread in Asia 00:05:41 - Gundlach: Private debt is the next big risk 00:09:15 - Amazon to raise $15B from first bond sale in 3 ye ...

Core Viewpoint - The upcoming Nvidia earnings report is anticipated to create significant market volatility, with potential for a sell-off regardless of the earnings outcome [1][2][8]. Market Sentiment - A 100% reversal in the market has been observed, indicating a bearish trend leading up to Nvidia's earnings report [2][11]. - The current market environment is characterized by a lack of new all-time highs since April, suggesting a prolonged period of selling pressure [4][5]. Nvidia's Performance - Nvidia's stock has shown mixed performance, with previous earnings resulting in a gap up that ultimately failed to sustain momentum [7][8]. - Analysts are predicting a strong earnings report, but there is skepticism about whether this will translate into a positive stock movement [5][9]. Sector Analysis - The tech sector, including Nvidia, has faced significant sell-offs, with concerns about overvaluation among various stocks [6][14]. - Other tech stocks like Apple, Google, and Amazon have performed better compared to Nvidia during recent earnings seasons [8]. Short-Term Outlook - The options market is pricing in a 6% move for Nvidia, indicating expectations of volatility around the earnings report [9]. - There is a possibility of a substantial market gap down following Nvidia's earnings, which could lead to further declines in stock prices [10][16]. Long-Term Perspective - Despite short-term bearish sentiments, there is a belief in the long-term growth potential of Nvidia and other tech stocks, although they may experience significant declines before recovering [15][21]. - Investors are advised to be cautious and not to rush into long positions during sell-offs, as the market may continue to decline [22].

In Brief One year ago, e-commerce giant Amazon kicked off its new online car sales business with Hyundai. Now, Ford is joining in with a certified used car twist.Ford announced Monday that customers will be able to shop for, finance, and purchase certified pre-owned Ford vehicles on Amazon Autos. The partnership still keeps dealerships — a key revenue driver for Ford — in the loop. Customers can browse a participating local dealer’s inventory directly through Amazon’s website, complete most of the paperwork ...