Memory Chip Squeeze Widens Gap; Alphabet's Global Debt Binge | Bloomberg Daybreak: US Edition

Bloomberg Audio Studios, podcasts, radio, news. — Good morning. I'm Nathan Hager — And I'm Karen Moscow. Here are the stories we're following today. — Karen, trading begins this morning with stocks at or near record highs and chip companies are the ones doing some of the heavy lifting. Let's get more this morning from Bloomberg's John Tucker. John, good morning.

And good morning, Nathan. Yeah, the Dow finished out a record. The S&P 500 drove to within a few points of its record close.

Two of the strongest forces pushing the S&P 500 upward were Nvidia up 2.4%. Broadcom surged 3.3%. Those are the beneficiaries of all that capex spending.

But always lingering in the background, you have worries about whether all the huge spending on AI is going to produce enough profit to make the investments worth it. Andrew Slimmit at Morgan Stanley marvels at how investors seem to climb a wall of worry. I think the biggest risk is we go into a kind of a real blowoff stage and every time I start to worry about it, you know, the market self-corrects.

So I think that's a you know that's a healthy thing and that's why I don't think we're we're end of cycle.

One interesting feature of this market is the surge in memory chip prices. It's driven a vast divide between winners and losers. You have companies from Nintendo to big PC brands and even Apple suppliers seeing shares slump on profitability concerns, but the memory producers, they're soaring to unprecedented heights. In New York, I'm John Tucker, Bloomberg Radio.

All right, John, thank you. Meanwhile, Alphabet is selling sterling and Swiss Frank denominated bonds for the first time, including an ultra rare issue of a 100-year note following a 20 billion deal in the US.