Tech Rallies on Meta Muse & Alibaba’s China AI Chip

Posted on 09/22/2026
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.

Alibaba is rolling out what it calls China’s most powerful AI chip, an accelerator to compete with Nvidia and underpin a massive expansion of data center capacity in coming years.

Global AI stocks rallied, with Taiwanese shares returning to a record high. This after Meta's new artificial intelligence agent, Muse, quickly rose to the top of mobile app charts, a sign that the social media company is gaining traction in the increasingly crowded market for consumer AI assistants.

Today's guest: Lauren van Biljon, Allspring Global Investments, Senior Portfolio Manager, Global Fixed Income Team.



Chapters:

00:00:00 - Daybreak Europe

00:01:08 - Meta's New Muse AI App Tops Charts

00:03:30 - Tencent Surges as Meta's Muse Boosts Sentiment

00:09:11 - Alibaba Rolls Out China's Most Powerful AI Chips

00:15:19 - Diesel Shock Adds to Inflation Pressure

00:17:40 - China and US Discuss AI, Investment

00:19:43 - Trump to Host Xi at White House Thursday

00:22:12 - Merz Vows to Stay After CDU Election Debacle

00:24:30 - Meta-Fueled AI Rally Loses Steam in Asia as Caution Returns

00:26:48 - Oil Edges Higher as Traders Monitor Supply Risks

00:28:47 - Lauren van Biljon, Allspring Global Investments, Senior Portfolio Manager, Global Fixed Income Team

00:32:06 - AI Trade Roars Back

00:36:15 - Latvia Sees Russia Expanding Sabotage Campaign Across Europe

00:41:29 - Novo Disappoints on Capital Markets Day

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