Bloomberg Podcasts · Intel Rallies After Trump Says It Struck Apple Chip Deal

1. 1. AI spending by enterprises is cannibalizing budgets from software and consulting, leading to anemic IT spending.
2. 2. Accenture's headcount still rose despite AI disruption, contrary to expectations that they would stop hiring.
3. 3. Wall Street is currently favoring semiconductor stocks over software and services due to AI infrastructure demand.
4. 4. Private equity-backed software firm Medaglia was taken over by creditors led by Blackstone after its sponsor refused to inject cash.
5. 5. Intel shares rallied after President Trump claimed Intel struck a chip deal with Apple, but no official confirmation exists.