Bloomberg Surveillance TV: November 13th, 2026 | Bloomberg Surveillance

The analyst argued that Nvidia remains the centerpiece of the AI trade even after cutting his price target to $225 from a higher level, because the company is still expected to capture a large share of the estimated $3 to $4 trillion in AI capex. But he also said Jensen Huang’s exit would be a major blow to valuation and culture, and that Nvidia would be a different company without him. He framed the leadership transition as a gut-check moment that could still leave the stock supported if execution and customer relationships hold.

The analyst also treated Microsoft’s outage as a warning about the fragility of centralized tech infrastructure, saying it could intensify scrutiny in Washington without derailing the broader AI revolution. Priya Misra of JP Morgan Investment Management said she still likes duration, arguing that growth fears and tighter financial conditions can support Treasuries, but that recent payroll and CPI data do not yet point to a clear slowdown. She said the market’s reaction has been driven more by hawkish Fed comments and 50-basis-point talk than by inflation alone.

Senator Chris Coons said the U.S. is in a fierce competition with China for AI dominance, with chips and chip design remaining a key American advantage. He pressed for investigations into Nvidia-related export controls and said Congress should examine whether political and corporate ties created national security or corruption risks, while also criticizing the government’s equity stakes in major companies.