Marvell to Buy Celestial AI; Shares Jump on Bullish Remarks

Stocks rose as Bitcoin experienced a notable rebound, climbing back above $90,000 after a significant selloff that had previously erased nearly $1 billion in leveraged bets. This recovery was highlighted during the U.S. market close coverage on Bloomberg Television, where analysts discussed the implications for investors and the broader market.

YouTube is preparing to comply with Australia's forthcoming ban on social media access for individuals under 16, which is set to take effect on November 10. Despite initially rejecting the inclusion in the crackdown and considering a court challenge, the company is now taking steps to align with the new regulations aimed at enhancing online safety for minors.

Oracle Corp.'s credit risk gauge has reached its highest level since the 2009 financial crisis, driven by a surge in bond sales from major tech firms and growing fears of a bubble in the artificial intelligence sector. This spike reflects increasing investor anxiety about the sustainability of Oracle's debt amid its significant investments in AI technology.

CrowdStrike Holdings Inc. has raised its fiscal 2026 guidance, indicating strong demand for its growing range of artificial intelligence-enabled cybersecurity products. This adjustment reflects the company's positive momentum in the technology sector.

Bitcoin has surged back above $90,000 after a significant selloff that erased nearly $1 billion in leveraged bets, marking a brief recovery amid ongoing volatility in the cryptocurrency market. Kavita Gupta from Delta Blockchain expressed concerns about the lack of transparency in crypto treasury companies during her appearance on Bloomberg Crypto.

Bitcoin has seen a significant decline in value, dropping approximately 16% over the past six months, leading many to question its true worth. Merryn Somerset Webb discusses the implications of this downturn, particularly as Bitcoin approaches its lowest price since April 2025.

Strategy CEO Phong Le expressed a commitment to maintaining dividend payments to investors indefinitely, despite the ongoing decline in Bitcoin prices. He emphasized that there are no plans to liquidate the company's Bitcoin holdings during this downturn. Le made these remarks during an interview on Bloomberg Crypto.

OpenAI CEO Sam Altman has declared a 'code red' for ChatGPT, reallocating internal resources to accelerate enhancements to the AI platform, which will delay other projects. This urgent response comes as competition intensifies in the AI landscape, particularly from rivals like Google, which has recently launched its own advanced AI model.