AI Jitters Return as Markets Await Jobs Data | Open Interest 8/6/2026

Watch on YouTube ↗  |  August 06, 2026 at 17:24  |  1:27:23  |  Bloomberg Markets
Speakers
Mandeep Singh — Senior Analyst, Bloomberg Intelligence
Geetha — Media Analyst, Bloomberg Intelligence
Emily Green — Head of Wealth Management, Ellevest
Alex Chaloff — Chief Investment Officer, Bernstein Private Wealth
Josh Charlesworth — CEO, Krispy Kreme
Matt Gline — CEO, Roivant
Kailey Leinz — Bloomberg Reporter
Norah Mulinda — Market Reporter, Bloomberg
Bailey — Reporter
Rob Brown — CEO, Lincoln International
Michael McKee — International Economics & Policy Correspondent, Bloomberg

Summary

Markets face AI jitters ahead of jobs data, with memory chip stocks under pressure despite strong fundamentals. SpaceX lockup expiration ignites volume but share price rebounds, while WBD earnings highlight merger optionality. Fed rate hike fears resurface via Kevin Warsh signals, and wealth managers urge diversification into international equities. Krispy Kreme and Roivant offer company-specific turnarounds, and oil stays bid on Iran-Oman Hormuz deal uncertainty.

  • AI memory chip selloff (Sandisk, Western Digital, SK hynix) seen as market-driven, not fundamental.
  • SpaceX lockup expiration doubles float, triggers short covering and massive volume; shares bounce.
  • Warner Bros. Discovery positioned well regardless of Paramount merger, with $7B termination fee cushion.
  • Fed Chair Warsh signals possible September rate hike if inflation persists, pushing yields higher.
  • Wealth manager urges reducing US tech concentration and adding international developed/EM exposure.
  • Krispy Kreme turnaround delivers margin gains, leverage paydown, and underlying sales growth.
  • Roivant awaits FDA approval for orphan drug, planning launch by September with no current revenue.
  • Oil prices rise as Iran-Oman Strait of Hormuz deal is temporary and Houthi Red Sea risks mount.
Ideas
Mandeep Singh Senior Analyst, Bloomberg Intelligence 1:21
AI memory fundamentals solid, selloff overdone
AI memory chip stocks (Sandisk, Western Digital, SK hynix) are growing triple digits; while pricing growth has likely peaked, volume growth remains strong and Q2 capex trends suggest continued investment. The selloff is market-driven, not fundamental, and the companies are still fundamentally sound.
SNDK WDC 000660.KS MED
Mandeep Singh Senior Analyst, Bloomberg Intelligence 3:02
Hyperscaler capex tailwinds for AI infrastructure
Hyperscalers including SpaceX are planning massive capex for gigawatt-scale AI infrastructure, with SpaceX aspiring to $100B ARR and willing to invest heavily. This ongoing investment cycle is a positive for AI infrastructure plays, regardless of ROI questions, because infrastructure providers will keep getting investments.
AI Infrastructure & Semiconductors MED
Geetha Media Analyst, Bloomberg Intelligence 8:01
WBD strong with merger optionality or termination fee
Warner Bros. Discovery's fundamental story is in good shape with profitable streaming and margin improvements. The Paramount-Skydance merger risk provides a floor: if the deal expires and doesn't close, WBD collects $7 billion in termination fees, putting it in a strong position either way.
WBD HIGH
Emily Green Head of Wealth Management, Ellevest 21:22
Diversify internationally away from US tech
The AI trade is broadening beyond the Magnificent 7, and investors are overly concentrated in US large-cap tech. Diversifying into developed international and emerging markets is essential because many forget those markets exist and offer return opportunities.
EFA EEM LOW
Josh Charlesworth CEO, Krispy Kreme 34:40
Krispy Kreme turnaround driving margin and growth
Krispy Kreme's turnaround is working: margins improved 340 basis points, leverage was paid down 1.3 turns, and underlying revenue grew 4.4% excluding the exited McDonald's distribution. The company is well positioned with strong brand engagement and will continue margin improvement alongside growth.
DNUT HIGH
Alex Chaloff Chief Investment Officer, Bernstein Private Wealth 50:19
Non-tech sectors offer better growth opportunities
There is a lot of opportunity outside the tech space, particularly in industrials, defense, and banks. Industrials first-quarter earnings were up 20% versus expectations of 3%, and these high-quality names have been ignored for years, offering attractive entry points for growth.
ITA KBE XLI MED
Matt Gline CEO, Roivant 57:25
Roivant near FDA approval for orphan drug
Roivant expects FDA approval for its lead orphan-disease drug this quarter, with launch by end of September. The drug addresses a disease with no other options and showed strong clinical data, providing a significant first-in-class opportunity despite no current revenue.
Roivant MED
Kailey Leinz Bloomberg Reporter 83:05
Oil supply risk from Hormuz and Red Sea
Brent crude is rising due to heightened geopolitical risks: an Iran-Oman Strait of Hormuz agreement is only temporary, doesn't guarantee full reopening, and does not address Iran's nuclear program. Additionally, Houthi attacks on Saudi-allied forces raise Red Sea choke-point risks, keeping supply disruption fears alive.
BNO MED
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This Bloomberg Markets video, published August 06, 2026, features Mandeep Singh, Geetha, Emily Green, Josh Charlesworth, Alex Chaloff, Matt Gline, Kailey Leinz discussing SNDK, WDC, 000660.KS, AI Infrastructure & Semiconductors, WBD, EFA, EEM, DNUT, ITA, KBE, XLI, Roivant, BNO. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mandeep Singh, Geetha, Emily Green, Josh Charlesworth, Alex Chaloff, Matt Gline, Kailey Leinz  · Tickers: SNDK, WDC, 000660.KS, AI Infrastructure & Semiconductors, WBD, EFA, EEM, DNUT, ITA, KBE, XLI, Roivant, BNO