Chip Stocks Tumble on AI Safety Fears & Rising Yields

Watch on YouTube ↗  |  September 14, 2026 at 22:17  |  1:32:21  |  Bloomberg Markets
Speakers
Jitania Kandhari — Deputy CIO, Solutions and Multi-Asset Group, Morgan Stanley Investment Management
Richard Francis — CEO, Teva Pharmaceutical
Rob Holmes — CEO, Chairman, & President, Texas Capital Bancshares
Jay Jacobs — US Head of Equity ETFs, BlackRock
Matthew Prince — CEO, Cloudflare
Kate Smaje — Senior Partner & Global Leader, Tech & AI, McKinsey & Co.
Adam Greenblatt — CEO, BetMGM
Timnit Gebru — Founder & Executive Director, The Distributed AI Research Institute
Alondra Nelson — Former Deputy Assistant to President Biden
Christian Hoffmann — Head of Fixed Income, Thornburg
Katie Palencsar — CEO & Co-Founder, Starmoire
Matt Maddox — CEO, Authentic Brands
Romaine Bostick — Anchor, Bloomberg
Isabelle Lee — Reporter, Bloomberg

Summary

Bloomberg's The Close covered a Monday selloff in chip stocks driven by renewed AI safety concerns and rising yields, with the 10-year Treasury yield briefly breaching 5%. Guests discussed AI investment themes, including data-center buildout demand, the shift to AI adoption beneficiaries like software, cybersecurity, biotech and logistics, and the need for portfolio diversification. Other segments featured Teva's U.S. listing, BetMGM's sports-betting outlook, Texas Capital's move to the Texas Stock Exchange, and debates over AI regulation and IPO prospects.

  • Chip stocks and AI names sold off on AI safety fears and elevated yields.
  • Jitania Kandhari favors real assets, European equities, commodity exporters, and AI adopters like software and cybersecurity.
  • Teva CEO Richard Francis discussed the shift to ordinary shares and a $13B late-stage pipeline.
  • Jay Jacobs sees insatiable AI infrastructure demand and a shift toward biotech, logistics, and hospital management adoption.
  • Matthew Prince said AI-driven cyber threats will keep cybersecurity companies busy.
  • Texas Capital is moving its primary listing to the Texas Stock Exchange.
  • Guests debated AI regulation, prediction markets, and private-company IPO prospects.
  • Market ended lower, with health care and consumer staples the only major gainers.
Ideas
Jitania Kandhari Deputy CIO, Solutions and Multi-Asset Group, Morgan Stanley Investment Management 6:42
Real assets are attractive monetary, geopolitical hedge.
She sees real assets as a great opportunity in portfolios because they serve as both a monetary hedge and a geopolitical hedge, providing diversification and anti-correlated sources of alpha away from the crowded AI trade.
GLD HIGH
Jitania Kandhari Deputy CIO, Solutions and Multi-Asset Group, Morgan Stanley Investment Management 6:57
Europe equities attractive on spending, credit.
She is constructive on European equities as part of a set of less synchronized but more investable global equity opportunities, citing all the spending happening in Europe and deleveraged credit cycles globally.
VGK MED
Jitania Kandhari Deputy CIO, Solutions and Multi-Asset Group, Morgan Stanley Investment Management 7:06
Commodity exporters benefit from terms of trade.
She highlights opportunities in smaller markets that have commodities to help their terms of trade, which is spilling over positively into domestic economies and driving domestic cycles.
Commodity-exporting smaller market equities MED
Jitania Kandhari Deputy CIO, Solutions and Multi-Asset Group, Morgan Stanley Investment Management 8:01
Software, cybersecurity win AI adoption shift.
She recommends looking outside AI enablers and infrastructure semiconductor companies toward AI adopters, noting software and cybersecurity are already doing well because companies will use AI agents and build them into business models to help corporate America achieve cost synergies; profit pools will shift.
IGV CIBR MED
Richard Francis CEO, Teva Pharmaceutical 18:42
Teva transformation, pipeline drive valuation.
Teva is moving from ADS to ordinary shares to broaden U.S. investor access, part of a multi-year transformation from a pure generics company to a world-class pharma with a $13B late-stage pipeline; he expects the strategy to drive long-term top- and bottom-line growth and higher valuation as they execute.
TEVA HIGH
Rob Holmes CEO, Chairman, & President, Texas Capital Bancshares 30:02
Texas Capital listing, growth warrant upside.
Moving the primary listing to the Texas Stock Exchange is NPV-positive due to a shared-listing construct that gives Texas Capital a net cash position from the exchange and loses nothing by leaving; the bank has transformed with strong capital and liquidity, growing treasury and investment banking fees faster than market, and a new dividend.
TCBI HIGH
Jay Jacobs US Head of Equity ETFs, BlackRock 37:41
AI infrastructure demand remains insatiable.
He remains optimistic on AI investment opportunities and sees insatiable demand for AI infrastructure, with a potential need for a 121 GW data center buildout in the next 4-5 years; supply-chain constraints in memory chips, power, land, data centers, and critical materials are the main challenges.
AIQ HIGH
Jay Jacobs US Head of Equity ETFs, BlackRock 39:05
AI adoption lifts biotech, logistics, hospitals.
He sees the AI trade shifting from infrastructure to the adoption stage, where companies use AI to improve everyday functioning and efficiency; biotech is showing strong performance on AI excitement, logistics is seeing interest, and broad hospital management is benefiting.
XBI LOGISTICS Hospital management MED
Matthew Prince CEO, Cloudflare 60:27
Cybersecurity demand surges on AI threats.
AI tools are increasing bot traffic and enabling attackers to find and chain vulnerabilities faster, but defenders have more resources and can use AI to find and fix latent bugs; he expects every cyber company to be very busy over the next two years and sees a more secure global infrastructure in the next 2-5 years driven by AI.
CIBR HIGH
Up Next
2:21:11
Live Morning Briefing: Fund Managers' Daily Investment Meeting | Executive Director Park Se-ik & Chesley Investment Advisory [Morning Brief / 26.09.15 Tue]
Chesley Investment Advisory (체슬리투자자문) · Sep 14
45:57
AI pace adjustment theory weighs on semiconductors… 10-year Treasury yield touches 5% [Wall Street Newsletter]
3PRO TV (삼프로TV) · Sep 14
1:10:42
Ask Jason: AI Extinction, Grok's Rogue Meme Coin & Weed Farms as Data Centers | E2337
This Week in Startups · Sep 14
46:47
Jensen Huang: The Doomer Hoax, Superintelligence is Here, and The Future of AI (ft. President Trump)
All-In Podcast · Sep 14
25:45
The “Pace AI” Debate | Diet TBPN
TBPN · Sep 14

This Bloomberg Markets video, published September 14, 2026, features Jitania Kandhari, Richard Francis, Rob Holmes, Jay Jacobs, Matthew Prince discussing GLD, VGK, Commodity-exporting smaller market equities, IGV, CIBR, TEVA, TCBI, AIQ, XBI, LOGISTICS, Hospital management. 9 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jitania Kandhari, Richard Francis, Rob Holmes, Jay Jacobs, Matthew Prince  · Tickers: GLD, VGK, Commodity-exporting smaller market equities, IGV, CIBR, TEVA, TCBI, AIQ, XBI, LOGISTICS, Hospital management