Name: Tech Selloff Hits Stocks, Gold & Bitcoin Tumble | Bloomberg Businessweek Daily 2/12/2026
Uploaded: 2026-02-12T21:18:09+00:00
Duration: 2554 s

Speakers

Raphael Thuin — Head of Capital Markets Strategies, Tikehau Capital

Ed Ludlow — Co-Host, Bloomberg Technology

Josh Aviv — Founder & CEO, SparkCharge

Jordan Fabian — White House Editor, Bloomberg News

Tim Stenovec — Anchor/Co-Host, Bloomberg TV & Radio

Carol Massar — Anchor, Bloomberg

Summary

Bloomberg Businessweek Daily covers a tech-led market selloff as AI disruption fears spread, with the S&P 500, Nasdaq, Dow, gold, and silver falling while Treasuries and the VIX reflect risk-off trading. Guests debate whether the AI trade is rotating or entering a deeper correction, analyze Anthropic's $30B funding and Waymo's expansion, flag Rivian's execution issues, and discuss EV fleet demand despite policy headwinds.

Tech and AI-linked stocks sold off; the S&P 500 and Nasdaq fell, with Apple and Cisco under pressure.
Gold and silver dropped while Treasury yields hovered near recent levels and the VIX approached 20.
Raphael Thuin said some AI-related selloffs look excessive, including financial services, but questioned Mag 7 valuations.
Jordan Fabian described a difficult Washington week, including Epstein-file fallout, tariff rebukes, and immigration retreat.
Ed Ludlow covered Anthropic's $30B raise and analyzed its enterprise AI traction and hyperscaler ties.
Ed Ludlow said Waymo is scaling far ahead of Tesla and Amazon, while Rivian remains unprofitable and execution-dependent.
Josh Aviv said EV demand is strongest among fleets due to lower maintenance and total cost of ownership.

Ideas

Raphael Thuin Head of Capital Markets Strategies, Tikehau Capital 7:01

Financials selloff partly unwarranted.

Thuin says many AI-related selloffs have overshot to the downside, including financial services companies. He argues that for some of these companies the case for free cash flow generation, high visibility, growth sources, and barriers to entry remains intact, so parts of the rotation out of them are not warranted.

Raphael Thuin Head of Capital Markets Strategies, Tikehau Capital 10:15

Mag 7 derating may be insufficient.

Thuin questions whether large-cap AI winners have derated enough. He says many Mag 7 businesses have shifted from capital-light, tight-margin models to capital-heavy businesses, and investors need to ask whether they are still paying S&P multiples for those stocks.

Ed Ludlow Co-Host, Bloomberg Technology 26:32

Waymo scaling far ahead, Alphabet benefits.

Ludlow says Waymo is accelerating on the metrics investors watch: it operates 24/7 commercially in six U.S. cities, plans to expand to 20 cities including London and Tokyo, and is well-capitalized after a $16 billion raise. He argues Waymo's scale and growth are far beyond Tesla or Amazon in autonomous ride-hailing, though regulatory probes and public perception are challenges. This is a positive read-through for Alphabet, which is identified as a Waymo backer.

Ed Ludlow Co-Host, Bloomberg Technology 31:29

Rivian execution risk remains high.

Ludlow says Rivian's story has not changed: the mass-market R2 is coming in the first half, but Rivian remains unprofitable and a low-volume producer. The shine from last year's AI announcement has faded, and Rivian must execute on building and selling vehicles against many competitors with similar RAV4-like EV offerings.

Josh Aviv Founder & CEO, SparkCharge 34:46

Fleet demand drives EV adoption.

Aviv is bullish on EV adoption, especially fleet demand. He says the future of U.S. EVs will be primarily driven by fleets because EVs have lower maintenance and total cost of ownership, giving fleets better ROI than combustion vehicles. Fleets are continuing to adopt EVs despite the expiration of the 45W clean vehicle credit and a less supportive administration, and rest-of-world adoption is a positive indicator for the U.S.

Tech Selloff Hits Stocks, Gold & Bitcoin Tumble | Bloomberg Businessweek Daily 2/12/2026

Summary

Ideas

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