China's DeepSeek Unveils AI Model To Challenge Anthropic, OpenAI | The Pulse 4/24
Summary
The episode covers AI's accelerating buildout, Intel's strong forecast, and the Iran conflict's impact on oil and global markets. BlackRock's Wei Li maintains overweight on US equities and AI, while underweighting long duration bonds. Germany faces stagflation risks, and China's DeepSeek challenges US AI dominance.
- Intel shares soar on blockbuster sales forecast, signaling AI inference demand for CPUs.
- Wei Li of BlackRock is overweight AI, specifically semiconductors and hardware, citing strong capex and earnings.
- US equities remain overweight despite oil volatility, as risk appetite holds up.
- BlackRock is underweight long duration government bonds, expecting 10-year yields to rise to 150 bps.
- Germany's business outlook deteriorates; Clemens Fuest says the economy is in textbook stagflation.
- Iran-U.S. talks remain stalled, with the Strait of Hormuz still effectively closed, cutting Gulf crude output by 57%.
- Airlines face $4 billion in additional jet fuel costs, passing them to consumers; weaker carriers may struggle.
- China's DeepSeek unveils a new open-source AI model, intensifying the US-China tech race.
Trade Ideas
Up Next
This Bloomberg Markets video, published April 24, 2026, features Wei Li discussing XLK, Semiconductors and AI hardware, VTI, EEM, US Treasury long duration bonds. 5 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Wei Li · Tickers: XLK, Semiconductors and AI hardware, VTI, EEM, US Treasury long duration bonds