Few sessions for tech stocks losing over a trillion dollars in value in just the last three days josh lipton is sorting through the carnage and has more josh thats right, jon bigtech names suffering big losses take another look here at apple, minhaj, amazon, alphabet, facebook and tesla just to put the plunge into perspective. The last three days essentially wiping out three weeks of gains. At the start of this year, these Six Companies were worth about 5 trillion. Their value then peaked at 8 trillion just last week. Now they lost about 1 trillion sounds like a lot, but also keep in mind, the remarkable runs these stocks have had. For example, apple is trading about 15 off its alltime high. Still up, though, about 60 so far this year. Same goes with amazon. Down about 6 so far this month, but the stock is still up more than 70 so far in 2020. Also, check out the smh, the etf that tracks the chips bouncing here this morning. Trading about 10 off its most recent high. Sector surge on th
Im katie greifeld, in new york. Welcome to bloomberg markets. Looking at markets so far this monday, there is a lot of green behind me. The s p 500 is up. 9 . Taking a look at tech, it gets even better. The nasdaq 100 is up 1. 3 at a lot of that is thanks to what we are seeing in alphabet, currently up 6 on the heels of a Bloomberg News scoop that apple and alphabet are considering a deal to allow the gemini ai to power new iphone features, sources telling bloomberg that the tech giants are actively negotiating a plan to let apple license the models into the new ios capabilities as soon as this year. Alex webb joins us with the details. Why does apple need google for this . Alex the assumption is that at this stage apple is quite awake behind google in this space, technologically. Google is one of the market leaders, up there with the load the likes of openai. Apple is really fighting to catch up and have moved a lot of people from their car project into ai and it seems as though if th
Over much of the past three decades, i have been an investor. The highest calling of mankind i have often thought was private equity. And then i started interviewing. Ive learned from doing my interviews, how leaders make it to the top. I asked him how much he wanted, he said 250, i said fine, i did not negotiate with him, i did no due dilligence. David i have something id like to sell. You dont feel inadequate because you are only the second wealthiest man in the world, is that right . In recent years, one of the most powerful people in the financial and Technology World has been ruth porat. She served as chief Financial Officer of Morgan Stanley and then as chief Financial Officer for google and alphabet. She now serves as president and chief Investment Officer for alphabet. I sat down with her recently in davos to talk about what shes going to do in her new position and how she will invest more than 100 billion that alphabet now has. So, we are very pleased to have ruth porat here.
Over much of the past three decades, i have been an investor. The highest calling of mankind i have often thought was private equity. And then i started interviewing. Ive learned from doing my interviews, how leaders make it to the top. I asked him how much he wanted, he said 250, i said fine, i did not negotiate with him, i did no due dilligence. David i have something id like to sell. You dont feel inadequate because you are only the second wealthiest man in the world, is that right . In recent years, one of the most powerful people in the financial and Technology World has been ruth porat. She served as chief Financial Officer of Morgan Stanley and then as chief Financial Officer for google and alphabet. She now serves as president and chief Investment Officer for alphabet. I sat down with her recently in davos to talk about what shes going to do in her new position and how she will invest more than 100 billion that alphabet now has. So, we are very pleased to have ruth porat here.
Over much of the past three decades, i have been an investor. The highest calling of mankind i have often thought was private equity. And then i started interviewing. Ive learned from doing my interviews, how leaders make it to the top. I asked him how much he wanted, he said 250, i said fine, i did not negotiate with him, i did no due dilligence. David i have something id like to sell. You dont feel inadequate because you are only the second wealthiest man in the world, is that right . In recent years, one of the most powerful people in the financial and Technology World has been ruth porat. She served as chief Financial Officer of Morgan Stanley and then as chief Financial Officer for google and alphabet. She now serves as president and chief Investment Officer for alphabet. I sat down with her recently in davos to talk about what shes going to do in her new position and how she will invest more than 100 billion that alphabet now has. So, we are very pleased to have ruth porat here.