AI Stocks Slide as TSMC Outlook Fails to Ease Bubble Fears
Channel: Bloomberg Television
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Read a transcript preview of “AI Stocks Slide as TSMC Outlook Fails to Ease Bubble Fears” from Bloomberg Television, uploaded on 2026-10-15.
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Language: English (original, creator captions)
[0:18] >> NEWS MAKERS AND MARKET MOVERS. THIS IS "THE PULSE."
[0:22] ANNA: GOOD MORNING AND WELCOME EVERYBODY.
[0:27] I’M ANNA EDWARDS IN FOR FRANCINE LACQUA IN LONDON TODAY.
[0:31] LET’S GO BACK TO THE TOP STORY OF THE MORNING WHICH IS THE
[0:34] TECH SELLOFF THAT WE HAVE SEEN THROUGH THE ASIA SESSION.
[0:38] IT STARTED ON WALL STREET YESTERDAY AND THROUGH THE ASIA
[0:42] SECTION INTENSIFY AND EUROPE. INFINEON DOWN BY 8%.
[0:46] ASML DOWN 8.7%. ASML SUCH A HEAVYWEIGHT IN THE
[0:50] EUROPEAN TECH SPACE. SUCH A HEAVYWEIGHT IN THE
[0:55] EUROPEAN EQUITY SPACE DOWN 5.6 TODAY.
[0:57] LET’S PUT THE FACTORS THAT ARE DRIVING THIS TOGETHER.
[1:03] WE’LL BRING IN MATT WITH US THIS MORNING.
[1:05] GOOD MORNING LET’S START WITH THE OVERALL SCALE OF THE
[1:07] SELLOFF FOR EUROPE. WE ARE SEEING THIS TRANSLATE
[1:13] INTO A SELLOFF IN EUROPEAN TECH. TSMC, DESPITE FAIRLY
[1:17] ENCOURAGING RESULTS AND GUIDANCE, NOT DRAWING A LINE IN
[1:19] THE SAND. WHERE DOES THIS STOP DO WE
[1:21] THINK?
[1:22] >> GOOD QUESTION. I THINK IT PROBABLY STOPS WHEN
[1:28] YOU GET PROPERLY GOOD NEWS FROM
[1:34] A COMPANY, THE HEALTH OF NG’S. FOR ME, TO SOME DEGREE, WHAT WE
[1:40] HEARD FROM ANTHROPIC YESTERDAY ON PAPER IT LOOKS LIKE GOING
[1:44] FROM GOING ALMOST $12 BILLION SALES IN Q2 TO $17 BILLION IN
[1:48] Q3. IT WAS A BIG SLOWDOWN ON THE QT
[1:55] VERSUS Q1 UP 145%. I THINK THE MARKETS PROBABLY
[1:58] EXPECTING THEM TO HAVE BEEN SUSTAINING A MUCH STRONGER
[2:03] GROWTH RATE. THATTED ALL OF THESE QUESTIONS
[2:06] ABOUT HOW STRONG IS ENTERPRISE DEMAND.
[2:09] IS THERE LOTS OF PRESSURE? IS THERE LOTS OF COMP IN
[2:13] ADDITION THIS SPACE? INVESTING HUGE AMOUNTS OF MONEY
[2:18] TO BECOME A COMPETITOR. IF THAT DOESN’T HOLD