Softbank Sells Nvidia Stake for $5.8 Billion to Fund AI Bets

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Ed Ludlow, BTech Co-Anchor, discusses SoftBank Group selling its entire stake in Nvidia  for $5.83 billion to help bankroll AI investments. He also discusses CoreWeave lowering its annual revenue forecast due to a delay in fulfilling a customer contract, caused by a third-party data center developer who is behind schedule.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, recaps Paramount-Skydance earnings. Paramount Skydance. shares rose after the company raised its target for job cuts and cost-saving measures. Paramount forecasts $30 billion in revenue next year and plans to invest much of the savings in the business, including $1.5 billion in additional 2026 spending for the Paramount+ streaming service.

-Justin Teresi, Bloomberg Intelligence Antitrust Litigation & Policy Analyst, discusses a Nov. 10 proposed class settlement between Visa, Mastercard and merchants on equitable relief, reportedly valued at $38 billion in interchange-fee concessions and other policy changes. Bloomberg Intelligence says that this can end a two-decade-long antitrust dispute, yet may face challenges in gaining court approval.

-Matthew Palazola, Bloomberg Intelligence, Senior Analyst, P&C Insurance, discusses Warren Buffett saying he's "going quiet", marking the end of an era for one of the business world's most-watched investing gurus. Buffet will stop writing Berkshire Hathaway's annual letters and speaking at its meetings.

See omnystudio.com/listener for privacy information.