AI Chip Stocks Surge as Altman Backs Cerebras and Musk Fuels TSMC Rally
Bloomberg's Oct. 5, 2026 trading brief said AI chip shares surged as Sam Altman backed Cerebras and Elon Musk fueled a TSMC rally. Two mega deals hit the tape, Brazilian markets jumped on a Bolsonaro upset, and analysts discussed a $110 billion Skydance-Paramount merger and a possible gold bounce.
The program, presented by Dani Burger, opened with the AI chip move and tied it to Altman's support for Cerebras and Musk's influence on TSMC's rally. The brief did not provide share price levels, percentage gains, or terms of the backing. It presented the chip gains as a leading force in the morning's market activity before turning to deal news.
Two mega deals also hit the tape, Bloomberg said. The brief did not name the parties or values involved. The deals were presented alongside the AI chip surge as part of the day's major market developments.
Michael J. Wolf broke down the $110 billion Skydance and Paramount merger. His analysis focused on the transaction, which Bloomberg described as a merger between Skydance and Paramount. The brief did not include further deal terms, regulatory details, or a timeline.
Carley Garner made the case for a gold bounce. She argued for a rebound in gold prices during the segment, though the brief did not state specific price targets or time frames.
Brazilian markets jumped on a Bolsonaro upset. Bloomberg mentioned the move as a separate market reaction, without detailing the nature of the upset or the size of the market gain.
The briefing also tracked an $845 billion boom for tech billionaires. That figure was included as part of the program's broader look at market and wealth trends on Oct. 5, 2026.
Bloomberg's brief placed the AI chip rally, the two unnamed mega deals, the Brazil move, the Skydance-Paramount merger analysis, the gold case, and the tech billionaire wealth figure in a single morning trading update.