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Chipmakers Boost Stocks, Meta Explores Cloud Business | Bloomberg Businessweek Daily 7/9/2026

Watch on YouTube ↗  |  July 09, 2026 at 21:08  |  48:58  |  Bloomberg Markets
Speakers
Aaron Mulvihill — Head of Content, Blockworks
Kurt Wagner — Bloomberg News Reporter
Eddie Fishman — Council on Foreign Relations

Summary

The episode covers a risk-on day in markets led by semiconductor stocks, despite US-Iran tensions and a dip in oil. An interview with CFR's Edward Fishman frames the conflict as a simmering war over the Strait of Hormuz. JPMorgan's Aaron Mulvihill explains why diesel may stay elevated, sees real estate as cheap, and argues AI spend is flowing to the chip supply chain and private markets. Bloomberg's Kurt Wagner details Meta's new paid AI tier and cloud ambitions as a bullish shift toward monetizing its AI capex.

  • Semiconductor stocks surge, pushing Nasdaq 100 up 1.7%, while oil falls despite US-Iran attacks.
  • Edward Fishman describes the US-Iran war as a simmering conflict over Hormuz's status, with no clean resolution.
  • Aaron Mulvihill expects diesel prices to remain elevated due to damaged Russian refining capacity.
  • He also says real estate is recovering and historically cheap, and private markets are crucial amid the IPO boom.
  • The AI trade is broadening beyond the Magnificent Seven to chip, memory, and infrastructure suppliers.
  • Meta unveils a paid developer tier for its AI model and is exploring a cloud business, making its huge capex more investible.
  • Democratic infighting and a messy Maine Senate replacement threaten the party's midterm prospects.
Ideas
Aaron Mulvihill Head of Content, Blockworks 12:58
Diesel elevated despite falling crude
Diesel prices are likely to stay elevated even as crude oil falls because Ukraine's attacks on Russian refining capacity have left a million and a half extra barrels of unrefined crude entering global markets, creating a tight refined product market and a divergence in prices.
CRAK MED
Aaron Mulvihill Head of Content, Blockworks 14:42
Real estate cheap, recovering from bottom
Real estate is recovering from a bottom and looks cheap on a historical basis, offering positive dynamics that are not AI-linked and providing a less correlated alternative for investors.
XLRE MED
Aaron Mulvihill Head of Content, Blockworks 16:09
AI spend benefits chip supply chain
AI capex spending by the Magnificent Seven is massively benefiting the supply chain—semiconductor companies, memory makers, and power/infrastructure providers—not just the tech giants themselves, making the broader chip sector an attractive play.
SMH MED
Aaron Mulvihill Head of Content, Blockworks 18:28
Private markets exposure crucial amid IPOs
With a historically high IPO season underway and many companies likely remaining private, investors need exposure to venture and private markets to capture the full AI-driven opportunity set.
PSP MED
Kurt Wagner Bloomberg News Reporter 28:08
Meta monetizing AI, stock encouraging
Meta's unveiling of a paid AI developer model and its exploration of an AI cloud business give investors a concrete path to monetize the company's massive AI infrastructure spending, making the stock more encouraging after previous uncertainty.
META MED
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This Bloomberg Markets video, published July 09, 2026, features Aaron Mulvihill, Kurt Wagner discussing CRAK, XLRE, SMH, PSP, META. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Aaron Mulvihill, Kurt Wagner  · Tickers: CRAK, XLRE, SMH, PSP, META