Microsoft is racing to restore access to its flagship software half a day after an outage began, leaving users unable to access email and chat services in one of the tech giant’s most severe disruptions in recent memory. Bloomberg's Peter Elstrom has the latest. (Source: Bloomberg)

Nataliia Lipikhina, head of EMEA equity strategy at JPMorgan Private Bank, discusses the rotation away from semiconductor stocks and why she sees hyperscalers benefiting. Speaking on Bloomberg Television, she also comments on European equities and why banks are attractive. (Source: Bloomberg)

Société Générale CIB Chief US Equity Strategist Manish Kabra tells Bloomberg's Anna Edwards and Tom Mackenzie he will focus on companies using AI rather than building AI in 2027, pointing to the cyclicality of the semiconductor trade. "Semis historically are always a yo-yo index. It goes up a lot. It comes down a lot," he says on The Opening Trade. "The conviction to adopt AI is feeding into hyperscalers. It's feeding into frontier labs. And that's what backwards feeds into the AI capex […]

The fall of Nvidia Corp. Chief Executive Officer Jensen Huang has removed the industry’s most prominent opponent of US chip controls, setting up a showdown over potential new curbs that could accelerate China’s drive for semiconductor self-sufficiency.

SpaceX and Tesla are progressing in their merger negotiations, setting the stage for a combination that could redefine the limits of global dealmaking. Elon Musk’s two largest companies could announce what would be the biggest-ever deal as soon as in December, according to people familiar with the matter. Bloomberg's Manuel Baigorri has more. (Source: Bloomberg)

Microsoft Outlook went dark on Rita Elkazzi just as a volatile week in markets was coming to an end. As swings in AI stocks and bonds kept traders on edge, the UBS Group AG execution-sales head for Australia and New Zealand was forced onto phones and alternative channels to communicate.

Anthropic's initial public offering has drawn about six times the orders for the shares available, according to people familiar with the matter, as interest increases for potentially the biggest first-time share sale ever. The Claude AI model firm and its co-founders are seeking to raise as much as $64.4 billion in the IPO and $26 billion in a private placement, its filings show. Taken together, the offering would be bigger than SpaceX’s IPO, making it the biggest listing of all time. […]

Nvidia is searching for a permanent replacement for larger-than-life Chief Executive Officer Jensen Huang, a daunting challenge at the world’s most valuable chipmaker. The company has tapped an outside firm to identify potential candidates following revelations of multiple extramarital affairs by Huang. Longtime Chief Financial Officer Colette Kress is serving as interim CEO. Bloomberg's Tom Mackenzie has more details. (Source: Bloomberg)