彭博直播复盘希捷与Bloom Energy财报及AI数据中心需求表现

【实时直播转录 · Bloomberg TV+】
来源:Bloomberg TV+(bloomberg 直播间 btv_us) · 标题:Bloomberg TV+
时段:2026-07-29 17:30–18:00(Asia/Shanghai),共 197 段
说明:以下为该时段该直播间的连续语音转录(直播 ASR,可能有同音/识别误差)。请从中识别与 AI算力/芯片/服务器/光模块/液冷/数据中心/大模型/机器人·具身智能/自动驾驶 等相关的、**可交易**的公司/产品/订单/产能/需求/合作/高管或官员表态,判断是否构成可交易事件;若通篇无可交易内容,判为不做。识别误差请结合上下文与常识修正,勿据孤立音近词臆断。

--- 转录正文 ---
[17:30] Where the finance decided to an meeting on market stability today continuing to.
[17:30] And chip trade, esK Heix battled it out of the park, but upping its capex spending and just causing investors.
[17:30] 🎼A lot of angst and that stop was really whipawing today. We're at peak earnings season in the US as well. We have nearly $6 trillion worth of market.
[17:30] Re today another 8 trillion reporting tomorrow and this after the Nasdaq 100 has fallen for five straight sessions right now.
[17:30] are positive, may not be a sixth, but we'll see the equal weight sp&P 500 index is at a record as well.
[17:30] And then yields wise, of course, all eyes on the F, not too much movement up about a basis point just under 430 on the two year still well above.
[17:30] 🎼Of 5% on the 30 year and the 10 year yield holding in at that 461 and change mark. Let's get to some individual premarket.
[17:31] 🎼ChloeieGood morning Vonnie, we are seeing those chip socks back in the green, so we've seen some initial weakness.😊
[17:31] On the back of this capital spending plans from EK Hyinix, which had really fueled those investor fares around AI overspending this over investmentvetment.😊
[17:31] In AI, but now we are seeing this reversal in sentiment and the likes of micron Sandisk and marvel back in the green in premarket trading.😊
[17:31] Some of that might have to do with some positive updates and results from some other names in the AI trade. and speaking of that, we have a seagate the computer storage.😊
[17:31] And hardware company beating expectations with analyst saying that the AI cycle has further to go with this company and therefore.😊
[17:31] Up in the green this morning, up about 5.%. And it's also a similar positive story for bloom energy, which has.
[17:31] It guidance and has also reported earnings that would double what was expected, and that was thanks to very strong demand from data centers.
[17:31] We're seeing that really drive the shares this morning. We're up more than 11%. And so it seems that there are some positive stories around this.😊
[17:32] I sector, despite those worries around Esca Hyix All right, Chloe, thank you so much, Chloe Melley there in London, joining us at the desk now is freedom.😊
[17:32] I a portfolio manager at JP Morgan Asset Management Priya, you're not expecting a hike today, but how confident are you in that view?
[17:32] days have any doubts crept into your mind that we might actually see a hike given the return hostilities, the escalation and oil prices and so on, right?
[17:32] I think conviction level has to be lower because the committee is divided, there's a lot of uncertainty around the war around even whether tariff inflation is peak.
[17:32] YouSo I think there is that concern and then we have Chep Walsh that doesn't believe in forward guidance,, and he wants a good family fight.
[17:32] The committee is divided. So I think conviction level is lower. But, I take a step back. and I think about data over the last six weeks and the data.
[17:32] Whether it was the jobs data, whether it's wages, whether it's inflation, PCE, PPI, CPI, it's all come in a little bit softer.
[17:33] The Fed is truly data dependent and you know, they've got another meeting just seven weeks away. I think they can buy time, They can reiterate the commitment to price.
[17:33] I think you're going to get a couple of disents,2 or three disss. So thatll indicate that the Fed is very much focused on the fact that inflation has been above.
[17:33] now for a while, but the urgency to act today is a little bit lower. the data has been weaker and they've got another meeting.
[17:33] I don't think we'll get any forward guidance that they are not going to hike or they're going to hike. They're just going to remain data dependent, which is why we ultimately think they don't go but.
[17:33] t is going to keep these hikes priced in because the inflation backdrop just has been higher than that 2% target.
[17:33] If any dissents will we see and what will they be based on, I think the disents are ultimately based on inflation credibility and the fact that inflation has been above.
[17:33] Targe for a while, you know, I'm thinking President Hamock, President Logan, very likely, maybe even President Kaashkari. So you might get three.
[17:33] And I think this is where chairir washsh is likely to suggest that there was a good discussion of a hike, which is why I think the market's going to keep these hikes in there.
[17:34] They don't hike today, well they can absolutely hike in September in October and beyond and so I think that's why.
[17:34] The sense are important to suggest that this is not just him driving the decision, this is a committee decision So think.
[17:34] It's expecting to. I would say three. Now they do. It is a committee. It's a democracy. So I think if it's more than that, I think then the market does get.
[17:34] And a sense of why the hikes and I know Chewa doesn't want to give us forward guidance, but is this a hiking cycle?
[17:34] This might be taking out the rate cuts from last year, not a full on hiking cycle is there a risk that if they wait for the next time or even the one after that?
[17:34] They are missing the boat because sure, while you know, this might be temporary in terms of the escalation of hostilities and oil prices and gas of the pumping.
[17:34] Back above $4 gallon and so on, there are other factors too, such as maybe the wealth effect is coming off if we continue to see stocks sell off.
[17:35] fience in the AI trade right, I'm glad you bring this up because I think it's the entirety of the issue. So the point that, you know would it be too.
[17:35] Well, I think you, financial conditions have tightened. You look at real rates. This move higher in rates has all been driven by.
[17:35] RatesAnd that's part of the tightening in financial conditions. Then some of this optimism around the AI trade, more Capex is always good news. No, I think the markets now.😊
[17:35] Looking for monetization, use cases, things like that. So I think some of that wealth effect might be coming off. And again, I look at inflation.
[17:35] Whether you look at breakeven surveys, the Fed has credibility without hiking right here. now I think.
[17:35] Credibility go away. if six months from now inflation still here can start to wane. But I think right now, the market's giving the Fed.
[17:35] fear of doubt that they would hike if inflation is not peaked, Our view is inflation is likely peaked., Energy might still remain high oil price.
[17:35] Might stay at this while, but it's not going to be a source of inflation and the labor market is not a source of inflation. And the consumer seems resilient, at least according to many of.
[17:36] The companies that we've heard from from Hilton to Royal Caribbean, is there a risk of upsetting the market.
[17:36] so even if the fed share were inclined to potentially hike today, this market seems a little fragile right now.
[17:36] The tricky part is if they start hiking is the hike primarily because inflations above 2%, that's what if you listen to the hawks.
[17:36] Their argument, Well, then why stop at two or three hikes. And so the market has to broaden the distribution of maybe this is four hikes.
[17:36] Are we taking out the rate cuts from 24 and 25. I think that's why I think the markets a little vulnerable without a dot plot, without getting.
[17:36] Much forward guidance from chair washsh, I think it's just the concern risk premiums will rise, and that's obviously important for interest rates.
[17:36] But credit spreads, equities. So this is why I think the market is vulnerable, a hike without telling us the endpoint or even giving us a sense of the.
[17:37] Reaction function. That's what I'm hoping we get a little bit of. We need not get forward guidance, but what exactly is the Fed overall looking for.
[17:37] In terms of how much more are they going to hike, I think that's what we'll be looking for if we do get that hike, the Treasury auctions that we saw this week, what do they say to you?
[17:37] Plenty of demand at the very front end and even maybe out as far as the two year and then not so much. So, I mean, they were not terrible, but there was.
[17:37] A little bit of a tale, and I think it's telling us that there is a competition for capital globally from sovereigns, energy independence.
[17:37] You know, just energy security, things like that with the different conflicts, you also have now competition for capital.
[17:37] From the AI related debt boom, the AI party has come to the bond market. And I think as supply comes.
[17:37] In high quality companies issuing further out the curve. now you've got, know, we've got global sovereigns issuing. you have all the hyper.
[17:37] Scals and the entire AI ecosystem issuing plus U Treasury issuings. I think that's where the competition is coming in and people have to see.
[17:38] The value in treasuries relative to some of these really high quality AI companies one of the reasons.
[17:38] For the AI trade coming off has been that hyper skateator debt has been getting just a little bit more expensive,, but that's also a factor of just the amount of issuance.
[17:38] And if investors are going to continue to take it on, they're going to want to get paid more, have you at all looked at some of these offerings and how much more complex?
[17:38] They're getting, would you be interested at all, we find value across the AI ecosystem, as we're calling it, so it's not just the hyperscale.
[17:38] Its chips, itss power, and to your point, they're being extremely creative, which I think is the right thing to do because if they have that much in funding.
[17:38] Just straight up unsecured debt, you know, you might exhaust the market, so whether it's an SPV type structure and then pay.
[17:38] usFor different risks, if it's a construction risk, if there's amortization in the schedule. So there's a lot of there's a macro view that these companies.
[17:39] Strong we think the AI trade is there, but then there's a lot of under the hood, are we getting paid for all the risks we' are taking?
[17:39] Spread levels, how much more supply is there. absolutelyol, we love some of the AI related debt, but you have to be very careful.😊
[17:39] In terms of what you're buying Wait that made you so happy, Priya, there must be a lot of opportunities out there. We have to leave it there, but thank you so much. That is Priya Mi.😊
[17:39] JP Morgan As Management Now to other top stories trending on the terminal this morning, UBS announcing a $3 billion share buyback program.
[17:39] Management assets beat estimates and trading revenue surge CEO Sergioerti spoke with bloomberg t.
[17:39] 🎼Good momentum across all our businesses, you can see that in 45% increase of our underlying PBT.
[17:39] So basically the synergies and the top line developments are working well and net assets are up.
[17:39] 🎼7.3 trillions of assets we manage good inflows and the integration is almost that.
[17:40] 🎼Still not fully done but pleased with our momentum AI model.
[17:40] 🎼That hacked hugging face also accessed a customer account on cloud platform model and used it to launch attacks. The hack is reinforcing fears.
[17:40] 🎼AI models are becoming increasingly capable of carrying out sophisticated cyber attacks. The U is tightening restrictions on some.
[17:40] 🎼Foreign made robots and solar power inverters, the S says the products pose potential supply chain risks.
[17:40] 🎼and the U ahead of the Trump Xi summit in up, military strikes flare.
[17:40] in the Middle East, more on Washington's response next, this is Bberg.
[17:41] Every week day blue.
[17:41] The the spotlight on a different aspect of global finance flows, funds and the forces shaping markets onFQ.
[17:41] 🎼BlopThe players behind major transactions on Bloberg deals, rates, risk and the cost of capital.
[17:41] Bloomberg Real yield and personal F retirement and wealth management on Bloomberg money a different topic every weekday only.
[17:42] I'm Bloomberg Televis.
[17:42] Look at the more successful economies in the region, the key to their success is continuity.
[17:42] The way our Constitution is written, it actually encourages a lack of continuity and that's a problem.
[17:42] Government is three years. when I first became a congressman. It takes you a few months to learn the business, and to make sure.
[17:42] Connections to network, et cetera. If, for example, you are not particularly favored in the majority.
[17:42] Law in a year, a year and a half is not that easy to do after about a year and a half, you already hear that there.
[17:42] Somebody in your district beginning to campaign and is going to oppose you in the next election, so you have to go back to your district to take care of.
[17:43] ThatAnd how much work do you get done?
[17:43] 🎼Yeah.
[17:43] 🎼
[17:43] Again, a poll and military strikes in the Middle East disrupted after what the US called a surprise attack from Iran on American forces.
[17:43] Bloombergs that Mehan Crane is live now from Washington, Mehan is this the first time that Iran has attacked U.S bases preemptively.😊
[17:44] You know, it's not, they have been flare ups in that conflict over the last several months, unfortunately when I left yesterday.
[17:44] We were talking about gasoline prices and oil prices had plunged after a lull since friday, and that seems to have dissolved overnight, really showing how far.
[17:44] The two sides are in trying to come to a lasting ceasefire lasting peace in that area absolutely.
[17:44] A surprise attack was also obviously means that they were not prepared for something like this or at least they didn't see it coming, let's put it that way.
[17:44] How would they not have seen that coming, I mean, there must be some breakdown in communications with the mediators.
[17:44] I' not really sure how that would have come about. but they certainly said that they were prepared for it in the sense that it was unsuccessful. There weren't a lot of details.
[17:44] to what the attack was the know where they were headed, but I think that you know until we have a peace deal, there's always going to be some.
[17:45] Sort of skirmishes and some threat that there could be violence Trump also saying yesterday that he had good meetings with other world leaders of.
[17:45] and Benjamin Netanyahu, any more details on what the U might be providing in either case?
[17:45] For Zeelenssky, he certainly was happy that yesterday the United States or the Senate passed a sanctions bill that had been.
[17:45] I that Linddy Graham had been really anxious to push forward, that would allow increased sanctions on purchasers.
[17:45] Russian oil and Russian energy more generally, which is something like a tool that Zeenssky was definitely looking for, so they didn't come out and say that that.
[17:45] wa what he had gotten yesterday, but he definitely left with that in hand as far as Netanyahu, he came out and said that they had had a good meeting.
[17:45] But they didn't give a lot of details as to what they had talked about, he did say that he was in lock up with the United States and whatever Trump decided to do with a Iran.
[17:45] Yeah, Megan, just domestically a brief word on the Trump administration deciding to end the drug plan subsidy for Medicareica.
[17:46] It seems like it might be a difficult message to put across if you're campaigning for midterms.
[17:46] That for sure, right, the Trump administration is sort of serving to interests they want to talk about cutting prices.
[17:46] I want to talk about not prices, I'm sorry, cutting costs and the billions of dollars of subsidies are one thing they can say that they have done that.
[17:46] Could raise prices and costs for consumers, which is something that's really not popular on the campaign trail, so the timing seems a little strange to me but that.
[17:46] I how they've decided to do it, and I think it kind of shows how they really are struggling to come up with a mess.
[17:46] That serves both interests absolutely Megan, thank you so much Bberg's Megan Crane in Washington D.
[17:46] De now the latest results from s he' reinforcing investor concern around aI spending ahead of more earnings in the united states.
[17:47] Maker expects its capital investments to increase around 50% to at least $31 billion joining us now as man singingh of bloomberg in.
[17:47] Madie, surely we were expecting this, right, the market was expecting that Capex would be at this level why.
[17:47] IsThe volatility so strong in those shes today, there is so much good news in that report.
[17:47] There was, but when you look at the numbers relative to very consensus expectations, were they?
[17:47] Probably missed the top line by 5%, so it was surprising given the US ADR listing.
[17:47] But I can see why they don't want to, you know, be in the news about the price increases on the D I've given companies.
[17:47] Ts like Apple have already raised concerns about higher memory prices and the impact that it's having on them.
[17:47] From that perspective, I think they want price increases to moderate on the DRAM side and does probably pay.
[17:48] Played a role in terms of why the numbers were shy of consensus speaking of pricing power, Qlcom set a report later.
[17:48] we already know it's increasing its pricing for some products by double digits, what more will investors want to hear from Gualcomm?
[17:48] I mean, all these companies, whether it's Qcom or Apple, they're at the receiving end of, you know.
[17:48] The higher component prices such as memory and so from that perspective, I think the impact of higher memory prices.
[17:48] On Qualcoms margins is what I think everyone would be looking forward to and also the fear demand destruction.
[17:48] it comes to raising prices that Qual Kong is doing, how it's going to impact the unit volumes.
[17:48] So I think the consumer side right now feels left out because of all the focus on data centers and Qcom.
[17:49] Is getting into data centers, but it's a much smaller portion of their overall business and we should get an update on that as well We're kind of getting.
[17:49] is a picture today, though because we're also getting results from Microsoft. What are we expecting to hear about Azure and some of the other aspects of the business?😊
[17:49] Yeah, I think the bar is very high for Azure given what Google reported.
[17:49] Last week and we know everyone is expecting both Microsoft and Matt to raise their Capex numbers.
[17:49] Not only for this year, but also have some guidance for 2027 and some of the memory price increases is what will'll draw.
[17:49] These Capex increases as well, so if they don't raise their Capex, that would raise a concern that you know they're cutting back.
[17:49] Somewhere else, and I think everyone is fixated on the top line growth, but also the Capex growth for both Microsoft.
[17:49] So meta will also hopefully give investors a steer on how it's going to monetize its computes for the leasing.
[17:50] It will we get details do you think deep think so.
[17:50] Don't give any details around how they're thinking about the cloud business or how their latest Muse spark model is doing relevant.
[17:50] To all the frontier elase and still raise their Capex, I expect a negative reaction, but look, they've released a new model.
[17:50] for it seems to be doing well on certain benchmarks compared to their prior Lama models and so from that perspective.
[17:50] Expectations are low and any details they provide both on the cloud rental side as well as the model side, I think.
[17:50] Would be cheer and then after all of that, we go back to Korea and we actually get Samsung earnings tonight obviously is a little bit more diversified.😊
[17:50] And SK Heinix, but I mean, will it rescue Korea Van deepep, obviously there's an emergency meeting happening right now as well.😊
[17:51] Yeah, at the index level, there's a lot going on in terms of margin calls and other things in that market.
[17:51] But when I look at the fundamentals of these businesses, whether it's SK or Samsung, they do look very strong.
[17:51] And I expect these companies to generate a lot of free cash flow and probably you know, once they're done with all the logo.
[17:51] Kind ofCon then probably pursue some buybacks as well, but these companies will generate a lot of free cash flow.
[17:51] Over the next three four years All right, it's going to be an absolutely insane 48 hours Mandeep, thank you so much, that is Man deepep saying of Bloomberg intelligence.
[17:51] 🎼Coming up, a Fed decision and earnings front and center in your day ahead next this is Bomberg.
[17:53] 🎼In case you missed it on Daybreak Europe.
[17:53] What' going with the EU regulator on this though Look, as I told you, I interact a lot with Americans and Chinese players in VC.
[17:53] Trump fighting for their companies all the time, you see the Chinese fighting for their companies all the time, here in Europe, I feel I'm fighting against the European regulator.
[17:53] 🎼Not that they are fighting for us. They are fighting against us. It's a big mistake because we need to have really big global tech leaders in Europe.
[17:53] 🎼life week bringing you the most important news and financial information whenever and wherever.
[17:53] 🎼Happ I'm Michael McKee on the Mexican border. and this is bloomloberg a time when policy in Washington is driving.
[17:53] Wall Street, we draw a distinction between the rhetoric and the action, bringing you market moving guests and original reporting.
[17:53] 🎼This is Bloberg surveillance I'm David West. join me each week on Wall Street week for story.
[17:54] 🎼This week, Harvard's Jason Furman on the F decision, The European Union moves to reform its merger regulation, but.
[17:54] Tech industry going Johnsonson and Johnsonson gets into the robotic surgery business a bit late, but with what it thinks is a better mousetrap and what.
[17:54] 🎼All those think tanks doing we don't go up to Capitol Hill. We don't tell the government what it should do Watch Wall Street Week more than what you need to.
[17:54] 🎼No, it's what you need to think about get your fixed income fixed What Bloomberg real yield every Thursday at 12 PM.
[17:54] En right here on bloomloberg, context changes everything.
[17:54] This is Bberg grief I'm Vonny Quinn in New York now a look at what's ahead today first up the F's rate decision.
[17:54] m Eastern followed of course by Fed chair wassh's news conference at 230 then a raft of earnings we get Microsoft.
[17:55] Meta Qlcomm arm, they're all after the market closed and then you got to stay up for Samsung out of South Korea plus Starbucks.
[17:55] In G Chipotle general dynamicsymics, they're all reporting after the close as well. Some earnings movers for you. Let's start with Seagate.
[17:55] Large gain here, strong results and a revenue forecast so bucking the trend there not so much for Logitech down almost 10% its.
[17:55] sales forecast really missed estimates for the second quarter some supply bottlenecks there and that stock is down 10% now the market.
[17:55] And then boom Energy while it was down 11% in yesterday's session and has been lower in the last few sessions, but investors were pleased the fuel film make.😊
[17:55] 🎼Sging on higher guidance. earnings actually doubled estimates. Let's look at the macro environment as we head into this hopper.
[17:55] Of a trading day, So Nasdaq one of the futures are actually climbing all the while, even after a spectacularly volatile session in South Korea which.😊
[17:55] An emergency meeting on that market looks like perhaps the selling might be done. We have had five straight declines for than Nadaq 100 Go just a little.
[17:56] year basis as some parts of the market water before the F.
[17:56] U more than 3% on Brenent and WTI, also European gas futures of almost 3% back at 59.
[17:56] 🎼megawatt hourThat is it for Bloomberg brief Sur is next, this is Bloomberg.
[17:57] Today, Wayfair sees immense potential in brick and mortar stores.
[17:57] physicals retail our view was that you know, even if the market continued to grow for e commerce, probably a large chunk of the market in the space would stay.
[17:57] lineKate Gulliver showed me around Wayfair's new 150,000 square foot Atlanta flagship store.
[17:57] Who have seen us online come into the store they're generally a bit surprised by actually the breadth of what we offer often if you're going on.
[17:58] Maybe you're looking for something particular, but when you come into the store, you walk in, you see you the market square, you see all these pillows.
[17:58] You see the decorative accents, so what we're seeing actually is that in store, we do really well in some categories that online.
[17:58] know less percentage of the total, how does technology help in kind of making it seamless online to store versa?
[17:58] The biggest thing is for the customer on the front end, that she can be in the store, that she can actually shop here, go back home.
[17:58] Complete that purchase and if you look at these sort of price tags and everything, there are all these digital tags that's because they're the exact same prices they are online.
[17:58] Not going to be surprised that you saw something in the store and then you decided to purchase it online, that it's somehow different and that the offering.
[17:58] It's actually very consistent but when she's here, she can have her app open and everything that she's doing here can be very similar to what she's doing at home.
[17:59] Conency is the of politics to the of business.
[17:59] Matthew and Kaylee lines deliver news insight and analysis live two times a day every trading day balance of power.
[17:59] 🎼One in five Eastern only on bloomloberg bringing you up to the minute geopolitical news whenever and wherever it happened.
[17:59] I'm Andrew Hour in Beijing, China, and this is Bloomberg.
[17:59] Tech is the future, but I think right now we're in an air pocket, it's important to remember.