What to Expect Today From the Apple WWDC Event
Speakers
Ed Ludlow
— Co-Host, Bloomberg Technology
Summary
Ed Ludlow discusses expectations for Apple's WWDC, focusing on a potential standalone Siri app. He also comments on Intel's stock rise following reports that Google and Nvidia may use it as a backup chipmaker, and previews the upcoming SpaceX IPO.
- Apple WWDC expected to unveil a standalone Siri app with multi-step capabilities and cross-device context.
- Intel stock jumped on reports that Google and Nvidia have approached it as a backup chipmaker for its foundry business.
- Ed Ludlow says the Intel move is not surprising if the report is accurate, noting Intel's need for an anchor customer.
- SpaceX IPO priced at $135 per share, expected to be amended higher before trading on Friday.
- Google will pay SpaceX $925 million per month for compute, adding a near-term revenue stream.
- Ed Ludlow expects volatile trading for SpaceX on its first day.
Ideas
Intel may rise on foundry news
Intel's foundry business may receive a lifeline if the report that Google and Nvidia have approached it as a backup chipmaker is accurate. This could be positive for the stock, as Intel has been seeking an anchor customer for its foundry business but has not been able to publicly name one. The stock's upward move is not surprising if the report is accurate.
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This Bloomberg Markets video, published June 08, 2026, features Ed Ludlow discussing INTC. 1 trade idea extracted by AI with direction and confidence scoring.