Bloomberg Daybreak: Asia Edition Asian Stocks Gain as Tech Rebounds
Feb 10, 2026
Carrie Lee, DBS global market strategist, on dollar, renminbi and yen risks. Ross Mayfield, Baird investment strategist, on software rebounds, AI spending and global equity trends. They discuss why software stocks bounced, dollar weakness and where rates, Japan and tech flows may head next. Short, market-moving topics and near-term risk drivers are covered.
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Episode notes
Software Sell-Off May Be Overdone
- Ross Mayfield thinks the software sell-off was overdone and offers a buying opportunity for long-term investors.
- He warns recovery could be volatile and advises legging into beaten-up names while watching for a new base to form.
Big Tech Has Become Asset-Heavy
- Ross Mayfield says big tech have shifted from asset-light cash machines to asset-heavy spenders funding AI infrastructure.
- That shift requires investors to rethink risk, due diligence, and exposure to capital-intensive projects.
Watch Credit When Owning AI Spenders
- Monitor credit spreads and bond-market behavior when owning high-spend tech names like Alphabet and Amazon.
- Prefer companies selling AI "picks and shovels" that benefit from infrastructure buildout rather than speculative moonshots.