Wall Street Hit by Tech Rout as AI Winners Tumble
December 17, 2025
31 min
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5,067 of 5,353
December 17, 2025
Wall Street Hit by Tech Rout as AI Winners Tumble
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Bloomberg Originals Episodes Around December 17, 2025
Episode 5,067 of 5,353 — walk the feed in the order it was published.
31:07This episodeWall Street Hit by Tech Rout as AI Winners Tumble
Summary
<p>Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br />Volatility lashed Wall Street, pushing high-valuation technology shares and crypto lower while bonds pared losses after a senior Federal Reserve official signaled room for rate cuts.<br />A tech rout hit stocks amid growing skepticism about the artificial-intelligence trade. Nvidia Corp. sank 3.8%. Losses accelerated as the S&P 500 breached a key technical level, with the index down 1.2%. The Nasdaq 100 slid 1.9%. In late hours, Micron Technology Inc. gave an upbeat forecast.<br />Even the slightest hint of trouble around data centers is enough to spook investors banking on the AI boom. The latest hiccup revolved around Oracle Corp.’s financing for a data center in Michigan. While it’s largely moving along, Blue Owl Capital, a longtime partner in its AI infrastructure build-out, is not contributing equity. The shares sank.<br />For years, investing in big techs has been a no brainer, given their stalwart balance sheets. Now, there’s concern over whether the sector — which has soared during the bull market — can keep justifying its lofty valuations and ambitious AI spending.<br /><br />Today's show features:</p> <ul> <li>Matthew Luzzetti, Chief US Economist for Deutsche Bank, on the labor market, inflation and the economic outlook</li> <li>Alli McCartney, Managing Director of Wealth Management with Alignment Partners at UBS, on key market indicators as the new year approaches</li> <li>Mike Bellin, US IPO Leader at PwC, on the IPO market outlook for 2026 and Bloomberg News Equities Reporter Natalia Kniazhevich on Medline’s first day of trading</li> <li>Katie Hubbard, President of US Capital Markets at Walton Global on earnings from Lennar and the US real estate landscape</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
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