SpaceX Joins NASDAQ 100, Chip Stocks Slide | Bloomberg Businessweek Daily 7/7/2026
Speakers
Kate Gulliver
— CFO, Wayfair
Conrad DeQuadros
— Head of Economics, Citi Wealth
Ed Ludlow
— Co-Host, Bloomberg Technology
Summary
The episode covers a broad market decline led by semiconductor stocks despite Samsung's record profit. It features NATO summit updates, a tech roundup with Ed Ludlow, Wayfair CFO Kate Gulliver discussing physical retail expansion and AI, and Citi's Conrad DeQuadros recommending gold as a portfolio diversifier amid fiscal risks and AI investment uncertainty.
- Nasdaq 100 and semiconductor index sell off sharply, dragging markets lower.
- NATO allies announce $50 billion in defense industry deals to demonstrate increased spending.
- Samsung record profit fails to impress investors, triggering a global chip selloff.
- Amazon launches a $25 billion bond sale to support AI infrastructure spending.
- SpaceX enters the Nasdaq 100; Wall Street analysts initiate bullish coverage.
- Wayfair CFO expresses confidence in physical store strategy and AI-driven customer experience.
- Citi's Head of Economics highlights gold as a secular hedge due to high government debt and equity risks.
- Oil prices rise amid geopolitical tensions in the Strait of Hormuz.
Ideas
Wayfair's physical stores driving growth.
Wayfair's physical retail stores are proving successful, with strong customer response and seamless online-offline integration. The halo effect drives incremental sales, and the store network expansion is backed by conviction. AI enhances personalization and operational efficiency, reinforcing the company's growth strategy.
Up Next
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Speakers: Kate Gulliver · Tickers: W