Bloomberg Surveillance Nvidia Earnings Loom for AI-Obsessed Stock Market
26 snips
Feb 25, 2026 
Patrick McHenry, former House Financial Services Committee chair turned political commentator, on State of the Union reactions and electoral strategy. Mandeep Singh, Bloomberg Intelligence tech research head, previews Nvidia earnings and AI-driven semiconductor demand. Sonal Desai, Franklin Templeton fixed income CIO, on bond market dynamics amid tech issuance. Seema Shah, Principal’s chief global strategist, on trade policy uncertainty and market rotation.
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Prepare For Spreads To Widen From Hyperscaler Debt
- Expect large hyperscaler bond issuance to pressure spreads and prompt buyer pushback this year.
- Sonal Desai warns supply could rise above $700 billion, making spreads likely to widen despite absorbable demand.
Investors Are Demanding Traditional Returns From Growth Tech
- Markets are starting to treat growth tech firms like traditional issuers demanding clear returns.
- Sonal Desai notes free cash flow is tightening and investors are asking 'show me the money' for AI-related picks-and-shovels names.
Shift Some Fixed Income Allocations To Emerging Markets
- Favor emerging market debt and global fixed income for incremental returns instead of crowded US spreads.
- Sonal Desai suggests U.S. investors remain underallocated to emerging markets, making them a timely opportunity.