HPE, Alphabet Signal AI Spend, Demand Remains High | Bloomberg Businessweek Daily 6/2/2026

Why It Matters

Surging corporate AI spending and Alphabet’s fundraise signal durable enterprise demand for compute and services, underpinning tech-led market leadership and reshaping capital allocation across hardware, cloud and AI startups. That dynamic could drive further M&A, investment-banking activity and supply-chain pressure for chips and data-center equipment.

Summary

U.S. markets rallied on renewed AI enthusiasm, driving the S&P 500 and Dow to record levels while chip stocks led gains as investors piled into AI-related names. Hewlett Packard Enterprise and other hardware vendors saw strong demand for AI infrastructure, and Alphabet announced a sizable equity raise to capitalize on AI opportunities. The report also noted broader AI competition with Anthropic expanding access and ongoing ripple effects across tech — including implications for a hot IPO market in the space sector and rising investment banking activity. Macro commentary flagged low volatility and steady Treasury yields even as geopolitical and political headlines competed for attention.

Original Description

Bloomberg's Jeff Mason on the latest from Washington the president names Bill Pulte acting Director of National Intelligence. Then, Robert Tipp, PGIM Fixed Income managing director, chief investment strategist, and PGIM Credit's head of global bonds discusses what the volatile macro environment means for the bond market and how the market is reacting to record AI spend. Plus, Mandeep Singh, Bloomberg Intelligence global head of technology research,  breaks down the latest tech headlines including the latest on SpaceX and Anthropic IPOs and Alphabet's plan to raise $80 billion in equity to put toward the company's AI spending. Finally, Wendy Stewart, president of Global Commercial Banking at Bank of America, talks how middle market businesses are navigating an uncertain economic landscape.

Chapters:

00:00:00 - Bloomberg Businessweek Daily

00:04:28 - Trump to Attend Rescheduled Correspondents Dinner on July 24

00:05:25 - Trump Appoints Loyalist Bill Pulte as Acting Spy Chief

00:09:02 - Trump to Drop Plans for $1.8 Billion Anti-Weaponization Fund

00:11:07 - Trump to Get Audit Immunity Even as $1.8 Billion Fund Doubt

00:11:42 - US Job Openings Jump to Nearly Two-Year High as Layoffs Fall

00:14:19 - Inflation Angst Spreads as Rising Gas Bills Spook Customers

00:20:52 - Alphabet to Raise $80 Billion in Equity for AI Spending

00:21:21 - SpaceX Wants Fee Cut from Bankers Chasing $500M Windfall

00:23:07 - HPE Surges by Record After AI Demands Buoys Sales Forecast

00:27:56 - Alphabet Offers Mythos Model Access to 150 Additional Groups

00:33:43 - Victoria's Secret Climbs to Record High as Chain Outperforms

00:34:38 - Middle Market Companies Navigate Uncertain Economy

00:35:43 - US Job Openings Jumps to Nearly Two-Year High as Layoffs Fall

--------

More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9

Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:

X: https://twitter.com/BloombergTV

Facebook: https://www.facebook.com/BloombergTelevision

Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:

X: https://twitter.com/business

Facebook: https://www.facebook.com/bloombergbusiness

Instagram: https://www.instagram.com/bloombergbusiness/

TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en

Reddit: https://www.reddit.com/r/bloomberg/

LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:

Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance

Bloomberg Politics: https://twitter.com/bpolitics

Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:

Bloomberg Technology: https://www.youtube.com/@BloombergTechnology

Bloomberg Originals: https://www.youtube.com/@business

Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake

Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol

Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts