Chip Stocks Tumble on AI Anxiety | The Close 7/7/2026

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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Cboe Global Markets VP, Head of Derivatives Market Intelligence Mandy Xu, TeraWulf Chairman & CEO Paul Prager, CFRA Research Equity Research Analyst Keith Snyder, Former NATO Ambassador Kay Bailey Hutchison, JPMorgan Asset Management Global Market Strategist Jordan Jackson, Bernstein Research US Semiconductors Senior Analyst Stacy Rasgon, American Century Investments CEO Jonathan Thomas, Neuberger Private Markets Global Head Tony Tutrone, & Spring Health CEO & Co-Founder April Koh. Chapters: 00:00:00 Bloomberg The Close 00:03:26 Nasdaq Volatility and Options Market Outlook 00:09:00 TeraWulf CEO on Anthropic, AI Data Centers & Growth 00:16:22 Top Calls 00:17:40 SpaceX Valuation Debate: Bull vs. Bear Case 00:22:32 NATO Summit: Defense Spending & Global Security 00:31:30 Stock of the Hour: Fiserv and the Debit Network Battle 00:36:15 J.P. Morgan on Earnings Season, AI & Market Leadership 00:43:12 Closing Bell 00:46:25 Cognizant, Fiserv & Agios Lead the Gainers 00:48:35 Intel, Rivian & SpaceX Lead the Losers 00:55:20 Stacy Rasgon on AI Demand, Memory Chips & the Semiconductor Cycle 01:06:35 American Century on Diversification & Market Rotation 01:15:08 Private Credit: Defaults, Software Risk & M&A Outlook 01:21:55 AI's Growing Role in Mental Health Care 01:26:55 What to Watch
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