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China Fights Tariffs with Tariffs, Palantir's Surge | Bloomberg Technology
Bloomberg's Caroline Hyde and Jackie Davalos discuss China's retaliatory tariffs, including a probe into Alphabet. And, a look at Palantir as the stock surges to a new record on "untamed growth" for AI. Plus, Spotify posts its first ever annual profit. (Source: Bloomberg)
CAROLINE: CHINA RETALIATES WITH ITS OWN TARIFFS ON THE UNITED STATES, PLUS PALANTIR SORES TO A NEW RECORD AS EARNINGS SHOW UNTAMED GROWTH FOR ITS AI SOFTWARE. CAROLINE: SHARES OF SPOTIFY JUMPING TO A NEW RECORD AS THE MUSIC STREAMING COMPANY POSTED ANOTHER QUARTER BY THE CASH BETTER THAN EXPECTED AND ITS FIRST-EVER ANNUAL PROFIT. THEY DID SAY ON THEIR EARNINGS CALL THAT THERE IS GOING TO BE VARIABILITY WHEN IT COMES TO THEIR GROSS MARGIN MOVING FORWARD, BUT I THINK THEY ARE COUCHING IT AS, WE SHOWED YOU GUYS WE CAN DO REALLY WELL, WE DO NEED TO START INNOVATING AGAIN AND PUTTING OUT NEW PRODUCTS.
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