Bloomberg Podcasts · AI Winners and Losers Emerge | Bloomberg Tech

1. 1. Microsoft's stock surged up to 15% on its best day since October 2008, driven by highest cloud growth in years and moderating capex.
2. 2. Microsoft's Copilot installed seats reached 30 million at the end of the quarter, up from 20 million in the March quarter, indicating growing adoption.
3. 3. Microsoft reduced GPU deployment lifetimes by nearly 50% and added another gigawatt of capacity this quarter, on track to double overall capacity in two years.
4. 4. Meta's stock fell 8% after reporting a 55% increase in expenses, with investors concerned about the lack of clarity on AI revenue returns.
5. 5. Meta's capex guidance for next year is estimated between $230 and $260 billion, potentially requiring a capital raise of $50-100 billion or joint ventures.
6. 6. Qualcomm cited unprecedented memory price increases and shortages, forecasting the handset market to be down about 20% from 2026 to 2027.
7. 7. Qualcomm expects non-handset revenue to reach nearly 50% of total by fiscal 2027 and one-third by fiscal 2029, driven by automotive and data center.
8. 8. Qualcomm's data center opportunity is $15 billion by fiscal 2029, with custom ASICs for two hyperscalers and new accelerator and CPU products.
9. 9. Apple's Tim Cook will hand over to John Ternus as CEO on September 1st, with expectations of a strong product pipeline including a foldable iPhone.
10. 10. ARM's stock rose 6% despite an inline quarter, with data center revenue doubling but still small relative to mobile handset exposure.