Featuring: Cameron Dawson, Chief Investment Officer at Newedge Wealth Vivek Arya, Technology Analyst at Bank of America Securities Edward Fishman, Director of the Center for Geoeconomics at the Council on Foreign Relations See omnystudio.com/listener for privacy information.

Bloomberg Surveillance TV: June 26th, 2026

Bloomberg Surveillance

Surveillance. Today we bring you the latest insights on Silicon Valley's top companies and conversations with tech's biggest decision makers. Listen to Bloomberg Tech on your commute home and stay ahead of the news cycle.

Subscribe today on Apple, Spotify or anywhere you listen. Bloomberg Audio Studios. Podcasts, Radio, News. This is the Bloomberg Surveillance Podcast. I'm Jonathan Farrow along with Lisa Abramowitz and Anne-Marie Haudern. Join us each day for insight from the best in markets, economics and geopolitics.

From our global headquarters in New York City, we are live on Bloomberg Television weekday mornings from 6 to 9am Eastern. Subscribe to the podcast on Apple, Spotify or anywhere else you listen. And as always on the Bloomberg Terminal and the Bloomberg Business App. We begin this hour with stocks sliding as AI spending concerns rattle investors. Cam Dawson of New Edge Wealth writing, truly everything hinges on one thing. How long will hyperscalers be willing to throw all their capital into AI infrastructure, mostly as the market punishes their stock prices?

Cameron joins us now for more. Cameron, good morning. Good to see you. Good morning. Cam, is this sustainable? What's your view on things? I think the only reason why Micron's able to post 830% earnings growth in the year of 2026 is because the hyperscalers are willing to reach very deep into their pockets, burning all of their free cash flow in order to build out CapEx, tapping the debt markets, now tapping the equity markets. And I think the big question is how much more upside is there to hyperscaler CapEx spending?

Bloomberg Surveillance TV: June 26th, 2026

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Bloomberg Surveillance TV: June 26th, 2026

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.