# Dell Soars Most in Two Years on Outlook Fueled by AI Servers

An episode of [Bloomberg Intelligence](https://invisiblenetwork.ai/podcast/326301337), 29 May 2026, 21 min.

Audio: https://podtrac.com/pts/redirect.mp3/tracking.swap.fm/track/UVBrz8bN8aM2Xe47PEPu/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/7f534b8c-9e91-429a-b102-ae3c00090c6d/c5710686-67d6-4dcf-8d27-b45901123e27/audio.mp3?utm_source=Podcast&in_playlist=0ad812bf-fd15-4012-a18c-ae3c00090c76

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Scarlet Fu, Alexandra Semenova, and John Tucker - Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, recaps Dell earnings. Dell Technologies shares surged after the company gave an outlook for annual sales that far surpassed analysts’ estimates, fueled by demand for servers that power artificial intelligence work. -Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses the latest at Anthropic. Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment. -George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses the latest at SpaceX and Blue Origin. SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter. Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad, dealing a major setback to the company. -Matt Henriksson, Bloomberg Intelligence Senior Equity Analyst, discusses Bloomberg Intelligence’s Diabetes deep dive. According to BI: Continuous glucose monitors and insulin pumps markets each can generate annual growth rates above double digits through 2030, having emerged as the standard of care. Automated sensing and insulin delivery offer sustainable growth for Dexcom and Abbott Laboratories in CGMs andInsulet, MiniMed, Beta Bionics and Tandem Diabetes Care in pumps. See omnystudio.com/listener for privacy information.

## Transcript

[0:02] Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the
[0:10] Speaker 1: Bloomberg Intelligence Podcast. Catch us live weekdays at ten am
[0:14] Speaker 1: easterne on Apple, Cocklay and Android Auto with the Bloomberg
[0:17] Speaker 1: Business App. Listen on demand wherever you get your podcasts,
[0:21] Speaker 1: or watch us live on YouTube.
[0:23] Speaker 2: All right, let's talk about something that's moving in the
[0:25] Speaker 2: opposite direction, and that would be shares of Dell. Once
[0:28] Speaker 2: Dell Computer and of course now it's just Dell Inc.
[0:31] Speaker 2: Because it sells so much more than just PCs. Woojinhoe
[0:35] Speaker 2: is our senior hardware and networking analyst, and Woojin the
[0:38] Speaker 2: story for Dell, the story for investors who want to
[0:40] Speaker 2: buy Dell is all about its AI servers, and on
[0:43] Speaker 2: that front, things are looking pretty good.
[0:46] Speaker 3: Hey Scarlett, Yeah, look, things are looking fantastic for the
[0:49] Speaker 3: AI servers are They raise their aiserver guidance by about
[0:53] Speaker 3: twenty percent from fifty billion dollars for this year to
[0:57] Speaker 3: sixty billion dollars even only distributed.
[1:00] Speaker 1: By the way.
[1:01] Speaker 3: But you know, there's a broader piece of the story
[1:04] Speaker 3: as well. If we look at the guidance, they raised
[1:06] Speaker 3: their guidance by about twenty five to twenty seven billion
[1:08] Speaker 3: dollars ten billion of the increase was AI servers, but
[1:12] Speaker 3: everything else it you know, traditional servers PCs, that's doing
[1:17] Speaker 3: a lot better than expected, and that's I think that's
[1:19] Speaker 3: the piece that some people are missing here.
[1:22] Speaker 4: Jendell now sees a sixty billion dollar AI server opportunity.
[1:26] Speaker 4: How sustainable is that level of growth?
[1:29] Speaker 3: Look, well, the way I have the modeled right now,
[1:33] Speaker 3: you know, prior to results, it was fifty billion, and
[1:37] Speaker 3: then growing another twenty five billion off of that, I'd
[1:40] Speaker 3: be twenty five doll percent off of that fifty billion.
[1:43] Speaker 3: So what's happening is that we're seeing these neo clouds
[1:49] Speaker 3: as well as some of these sovereigns place multi billion
[1:52] Speaker 3: dollar AI server deals. And if you think about it,
[1:56] Speaker 3: we're only at the beginning phases of adoption of AI servers,
[1:59] Speaker 3: and as more of these neo clouds and sovereign start
[2:03] Speaker 3: adding capacity, Della's probably on the front of the line
[2:06] Speaker 3: providing that equipment.
[2:08] Speaker 2: Della is a hardware maker, which means, like other hardware makers,
[2:11] Speaker 2: it has to grapple with higher costs for higher input costs,
[2:15] Speaker 2: including memory chips. How is the company dealing with that?
[2:18] Speaker 5: So far?
[2:19] Speaker 2: Has it had to in any way eat anything in
[2:23] Speaker 2: terms of margin.
[2:25] Speaker 3: Hey, Scarlett, I think when we spoke yesterday, I asked
[2:27] Speaker 3: if you put your PC yet?
[2:30] Speaker 2: No I haven't. I guess I'm too late.
[2:32] Speaker 6: Now.
[2:33] Speaker 3: Well, look all right, so let's go down down the line.
[2:38] Speaker 3: Dell's not absorbing it as much as we think, right,
[2:41] Speaker 3: Gross margins are actually going up, as a matter of fact,
[2:44] Speaker 3: and they're passing through a lot of the input costs
[2:49] Speaker 3: to customers. On the AI server side that's being passed
[2:54] Speaker 3: through because it is high in demand. But margins are low.
[2:58] Speaker 3: Operating margins are low, and that is this. So that's
[3:00] Speaker 3: fine there, But what's happening in the first half of
[3:03] Speaker 3: this year traditional servers? You know, we're hearing you know,
[3:06] Speaker 3: server deals, server costs that are up two hundred to
[3:10] Speaker 3: three hundred percent because of the higher input costs and PCs.
[3:14] Speaker 3: You know, second half of this year, you're you know,
[3:16] Speaker 3: a coppable PC is going to be a twenty percent
[3:18] Speaker 3: on a year and year basis in the second half.
[3:22] Speaker 4: So is AI demand offsetting weakness in other parts of
[3:26] Speaker 4: the PC market or is it actually creating new revenue streams?
[3:30] Speaker 3: You know that that that's a really good question and
[3:33] Speaker 3: that's something I think part of the story here in
[3:37] Speaker 3: terms of re rating the multiple. If we think about
[3:41] Speaker 3: it like AI demand in itself, like AI server demand
[3:45] Speaker 3: in itself, you know that eventually is going to mature.
[3:49] Speaker 3: But one of the things that it may happen over
[3:51] Speaker 3: the next couple of years is that as corporates are
[3:54] Speaker 3: adopting AI, we are going to see a bigger demand
[3:58] Speaker 3: in traditional servers going forward with higher asps by the way,
[4:03] Speaker 3: and that is going to not only reinvigorate companies like Dell,
[4:06] Speaker 3: but like Hpe as well as Lenovo going forward.
[4:10] Speaker 2: But we haven't seen that tailwind yet for the hps,
[4:13] Speaker 2: hpees and Lenovo's yet have.
[4:15] Speaker 3: We Well, Lenovo, we started to see a pickup, but
[4:19] Speaker 3: I don't know if that's more fun and you know,
[4:23] Speaker 3: you know, front end loaded purchases because of the component cause.
[4:27] Speaker 3: But that's an emerging story that might come out over
[4:29] Speaker 3: the next couple of years.
[4:31] Speaker 2: Stay with us more from Bloomberg Intelligence coming up after this.
[4:38] Speaker 1: You're listening to the Bloomberg Intelligence Podcast. Catch us live
[4:42] Speaker 1: weekdays at ten am Eastern on Apple, Cocklay and Android
[4:45] Speaker 1: Auto with the Bloomberg Business app. Listen on demand wherever
[4:48] Speaker 1: you get your podcasts or watch us live on YouTube.
[4:52] Speaker 4: So the AI arms race is in full swing. Anthropic
[4:55] Speaker 4: has reportedly raised capitalists at a staggering nine and sixty
[4:59] Speaker 4: five billion dollar valuation, surpassing Open AI. With us. To
[5:03] Speaker 4: discuss this, we have man Deep Singh. He is global
[5:06] Speaker 4: head of Technology research for Bloomberg Intelligence. Man Deep, does
[5:10] Speaker 4: this feel like a rational buildout of AI infrastructure or
[5:14] Speaker 4: are things getting a little bit excessive with all these
[5:16] Speaker 4: milestone numbers we're hearing about every.
[5:18] Speaker 2: I love how you just went right for it.
[5:20] Speaker 7: I mean, look, and Thropics started off the year at
[5:24] Speaker 7: a nine billion dollar rund rate. They put out a
[5:26] Speaker 7: press release yesterday that they are at a forty seven
[5:29] Speaker 7: billion dollar run rate. In a span of five months,
[5:33] Speaker 7: the revenue arr has grown five hundred percent. So I
[5:39] Speaker 7: think that says it all in terms of what's justifying
[5:42] Speaker 7: this enthusiasm. Now, are all of them long term winners?
[5:47] Speaker 7: I would bet no. But right now market is rewarding
[5:51] Speaker 7: AI narratives, and you know we saw that Vedell last night.
[5:55] Speaker 7: Any company that has an AI story is getting bid up,
[5:59] Speaker 7: and obviously you have to show it in the numbers
[6:01] Speaker 7: and the guidance in the acceleration, but you know, the
[6:05] Speaker 7: KAPEX numbers are going up because of this five x
[6:09] Speaker 7: increase in Entropics err and so right now there is
[6:13] Speaker 7: a frenzy in terms of building the AI infrastructure because
[6:16] Speaker 7: there is clear monetization that Ententropic is showing in their
[6:20] Speaker 7: revenue numbers.
[6:21] Speaker 2: Okay, let's be clear. Anthropic is private, and this fundraising
[6:24] Speaker 2: round keeps them private, but everyone's anticipating that at some
[6:28] Speaker 2: point they will go public. Do they need to go
[6:30] Speaker 2: public because they've held on this long and they haven't
[6:33] Speaker 2: had to go public. Did they want to go public?
[6:36] Speaker 7: I think so their investors clearly, the ones who financed
[6:41] Speaker 7: this sixty five billion dollar round and the earlier once.
[6:45] Speaker 7: You know, when you talk about a company close to
[6:48] Speaker 7: a trillion dollar market cap in the private market, I
[6:51] Speaker 7: mean I go back to Uber's you know ipo. Uber
[6:55] Speaker 7: wasn't as big as Entropic and open Aire, but you know,
[7:00] Speaker 7: they obviously had a lot of growth behind them. When
[7:03] Speaker 7: they went public, the company wasn't profitable, and you know,
[7:08] Speaker 7: there was a lot of concern about the cash burn.
[7:11] Speaker 7: I feel something similar may happen here. Even though these
[7:14] Speaker 7: companies are growing very fast and clearly. You know, they're
[7:19] Speaker 7: part of this big technology shift that is underway. But
[7:23] Speaker 7: at some point, I think people will start to focus
[7:26] Speaker 7: on their profitability and that's where you know, this business
[7:30] Speaker 7: model being so capital and intensive, unlike the software companies
[7:34] Speaker 7: that you know we've seen in the past. I think
[7:38] Speaker 7: the concern around profitability will surface. But for now, everyone
[7:42] Speaker 7: is focused on the top line growth, and you know,
[7:44] Speaker 7: the air are kind of increases that we're seeing with
[7:48] Speaker 7: all of them, really because coding agent as a use
[7:52] Speaker 7: case is huge and it is a big addressable market
[7:56] Speaker 7: and everyone wants to get her to That is.
[7:58] Speaker 4: Having access to compute power becoming the biggest competitive advantage
[8:02] Speaker 4: when it comes to building out AI.
[8:04] Speaker 7: Well that's what Jensen Wong says, computer is revenue. I'm
[8:08] Speaker 7: paraphrasing him, and I think right now that is the case.
[8:12] Speaker 7: Look at what SpaceX is doing with XAI data centers.
[8:17] Speaker 7: They were training their own model. Now with their S
[8:21] Speaker 7: one filing, they're saying they will be renting that compute
[8:25] Speaker 7: to guess who, anthropic and so, and they will generate
[8:28] Speaker 7: fifteen billion revenue per year out of just renting the
[8:32] Speaker 7: compute because they build the data centers that no one
[8:35] Speaker 7: else has. They have the compute, and even though they
[8:39] Speaker 7: are behind when it comes to training their own models,
[8:41] Speaker 7: but they can rent it out the compute in the
[8:44] Speaker 7: meantime and generate fifteen billion dollars in revenue out of that.
[8:47] Speaker 2: Alex mentioned it earlier that Anthropic raising at a nine
[8:50] Speaker 2: hundred and sixty five billion dollar valuation makes it bigger
[8:53] Speaker 2: than open Ai. It feels like this is open AI's
[8:57] Speaker 2: race to lose at this point.
[9:00] Speaker 7: Clearly, I think they are under a lot of pressure.
[9:03] Speaker 7: And in terms of who files for, you know, going
[9:07] Speaker 7: public first, my guess is open Ai would want to
[9:11] Speaker 7: do it first because they want to own the narrative
[9:14] Speaker 7: as opposed to you know, Entropic going first and everyone
[9:18] Speaker 7: realizing you know, obviously, and Thropic is growing faster than
[9:23] Speaker 7: open ai right now, and if they take all the
[9:27] Speaker 7: liquidity away, then open Ai coming in later will struggle,
[9:32] Speaker 7: you know, in terms of just making sure that they
[9:34] Speaker 7: have investors excited about investing in open AA and Mandy.
[9:38] Speaker 4: One more question for you, Apollo is reportedly helping finance
[9:41] Speaker 4: AI chip purchases. What does that tell us about how
[9:44] Speaker 4: capital intentsive this race has become?
[9:47] Speaker 7: Well, so for all the neo clouds, whether it's Core, Viv,
[9:51] Speaker 7: nebs outside of the hyperscalers, whoever is renting the GPUs,
[9:57] Speaker 7: they don't have the balance sheet to buy, you know,
[9:59] Speaker 7: these ex defensive chips or servers, and so in those
[10:03] Speaker 7: type of instances, that's where the pe guys like Apollo
[10:07] Speaker 7: Blackstone they come in and they're helping finance those deals
[10:12] Speaker 7: because you know, there are a lot of neo clouds
[10:15] Speaker 7: that are growing very fast and for them to sustain
[10:19] Speaker 7: this kind of growth rate, they have to keep building
[10:22] Speaker 7: the infrastructure, keep getting the chips, and these are getting
[10:25] Speaker 7: financed by the lights of Apollo.
[10:28] Speaker 4: Stay with us.
[10:29] Speaker 2: More from Bloomberg Intelligence coming up after this.
[10:33] Speaker 1: You're listening to the Bloomberg Intelligence podcast. Catch us live
[10:37] Speaker 1: weekdays at ten am Eastern on Apple Coarclay and Android
[10:40] Speaker 1: Auto with the Bloomberg Business App. Listen on demand wherever
[10:43] Speaker 1: you get your podcasts, or watch us live on YouTube.
[10:47] Speaker 8: And Hi everybody, I'm John Tucker. This is Bloomberg Intelligence
[10:51] Speaker 8: along with Alex Simonova. We have lots of Space news.
[10:55] Speaker 4: Alex a lot going on. We have SpaceX cutting its
[10:58] Speaker 4: IPO valuation to one point eight trillion dollars. Still an
[11:03] Speaker 4: exorbitant number, and of course Blue Origins rocket exploding. That
[11:06] Speaker 4: was big news overnight.
[11:07] Speaker 8: Yeah, and when we talk space we go to the
[11:10] Speaker 8: guy who puts space in aerospace, George Ferguson joining us
[11:15] Speaker 8: right now. Let's let's start off with the explosion. George, Man,
[11:20] Speaker 8: you took it about kaboom? What what happened with this thing?
[11:24] Speaker 5: Do we know?
[11:24] Speaker 6: Yeah, apparently they're testing out one of the rocket engines
[11:28] Speaker 6: and they had a very extreme failure.
[11:31] Speaker 5: And so look, I think it.
[11:34] Speaker 6: You know, we saw that Blue Origin had a similar
[11:37] Speaker 6: problem back in April when it was trying to lift
[11:40] Speaker 6: some ASTM satellites into orbit. One of the one of
[11:43] Speaker 6: the rockets sitting fire correctly and didn't get those satellites
[11:46] Speaker 6: into the right orbit level. And so you know, we're
[11:50] Speaker 6: I think we're three deep. We were getting ready for
[11:53] Speaker 6: the fourth Blue Origin launch. Clearly Blue Origin has some
[11:57] Speaker 6: work to do on the new new gun rocket.
[12:00] Speaker 5: I think it reminds us.
[12:01] Speaker 6: That this isn't as easy easy as it looks. SpaceX
[12:05] Speaker 6: has been relatively successful in the launch business, actually more
[12:10] Speaker 6: than relatively very successful, launching one hundred and sixty Coast
[12:14] Speaker 6: one hundred and seventy rockets last year, and it looks
[12:18] Speaker 6: like they've got a really big lead on their nearest competitors.
[12:21] Speaker 5: Can these guys ever compete with SpaceX?
[12:25] Speaker 6: Look, I think that it's a function of money, right.
[12:28] Speaker 6: I think that money into R and D can close
[12:33] Speaker 6: the gap over time, But I think it'll take a
[12:36] Speaker 6: considerable amount of time. Bezos definitely has plenty of money,
[12:40] Speaker 6: but it's going to take considerablemount of time.
[12:42] Speaker 4: And then, George, speaking of SpaceX, I want to talk
[12:44] Speaker 4: to you about this news about them lowering their valuation
[12:48] Speaker 4: target one point eight trillion dollars still a massive number.
[12:51] Speaker 4: How do investors even begin to value a company like SpaceX?
[12:56] Speaker 9: Yeah?
[12:56] Speaker 6: I mean, gee, where they took a little bit, They
[12:59] Speaker 6: took the cherry off the top of the Sunday there.
[13:01] Speaker 5: I think.
[13:02] Speaker 6: I feel like they're trying to set themselves up for
[13:04] Speaker 6: success in the IPO. You know, at Bloomberg Intelligence, we've
[13:07] Speaker 6: looked at some of the parts on the business, and
[13:11] Speaker 6: so if you take rocket Lab as the major space
[13:14] Speaker 6: launch sort of competitor, public competitor, they're valued ninety times revenue. Now,
[13:21] Speaker 6: SpaceX's space business comes in a little bit light on
[13:23] Speaker 6: revenue because they don't book revenue for internal work. When
[13:28] Speaker 6: we back that out, we give them eleven or twelve
[13:30] Speaker 6: billion dollars in revenue from internal launch, they probably have
[13:34] Speaker 6: a little bit over a billion dollars with the value
[13:37] Speaker 6: based on Rocket Labs valuation. Right, I'm not saying that's
[13:41] Speaker 6: the right price. I don't know what the right price
[13:44] Speaker 6: is for a rocket launching business because it is a
[13:46] Speaker 6: relatively new endeavor to be done. I think, you know,
[13:49] Speaker 6: to be finest in public markets. And then when my
[13:53] Speaker 6: colleagues out in the tech side of Bloomberg Intelligence and
[13:57] Speaker 6: in the satellite communications side of Intelligence, when they look
[14:00] Speaker 6: at those businesses, they see another billion dollars. I think
[14:04] Speaker 6: it's like six hundred billion for the satellite constellation and
[14:08] Speaker 6: four hundred billion for for the AI business. So so look,
[14:14] Speaker 6: I feel like there are comps out there that could
[14:18] Speaker 6: probably get that could lead the way to the valuation
[14:21] Speaker 6: of something around do trillion. Again, I feel like maybe
[14:24] Speaker 6: they lower the number a little bit to make sure
[14:27] Speaker 6: that they overperform. And again I think you've got to
[14:31] Speaker 6: buy into the dream of long term, much cheaper lift
[14:36] Speaker 6: data centers in space, you know, connectivity of your phone
[14:39] Speaker 6: into into satellites. You've got to buy into that dream,
[14:42] Speaker 6: and I think you've got to go a distance before
[14:44] Speaker 6: you're going to turn it into a valuation that looks
[14:46] Speaker 6: anything like what we typically have in markets for sort
[14:49] Speaker 6: of normal companies.
[14:50] Speaker 5: Now, be honest with me. You read the filing. How
[14:53] Speaker 5: weird is it?
[14:56] Speaker 6: He's a dreamer's Elon Musk is a big dreamer. I
[15:00] Speaker 6: guess it's great that some of us do this, right.
[15:03] Speaker 6: I didn't wake up one day and decided I want
[15:05] Speaker 6: to build my own spaceport. I mean I wanted to,
[15:07] Speaker 6: but I didn't think I'd get anywhere on it, and
[15:09] Speaker 6: I didn't. So I think he's a big dreamer. Again,
[15:12] Speaker 6: you got to buy into that, and you know, and
[15:14] Speaker 6: colonizing Mars and all these things. I think you've got
[15:17] Speaker 6: to sift and sort of bit through some of that
[15:19] Speaker 6: stuff and look at what they have now and what's
[15:22] Speaker 6: at hand now. And look, I don't put past having
[15:27] Speaker 6: data centers in space one day. It seems like it's
[15:29] Speaker 6: a natural place. It seems like if you if you
[15:32] Speaker 6: start working on that technology, it's something you can get done.
[15:36] Speaker 6: And again, you've got a rocket company here that launched
[15:38] Speaker 6: one hundred and sixty one hundred and seventy rockets last year,
[15:43] Speaker 6: far and away larger than any other company launching in
[15:47] Speaker 6: the marketplace. He's come a long way.
[15:49] Speaker 4: And George very quickly is Elon Musk being a dreamer
[15:52] Speaker 4: part of the appeal for investors when it comes to SpaceX,
[15:55] Speaker 4: because when you look at a company company like Tesla,
[15:58] Speaker 4: it's not like investors are investing in it based on
[16:01] Speaker 4: traditional evaluation metrics.
[16:03] Speaker 6: Yeah, I think you have to totally believe in Elon
[16:06] Speaker 6: Musk and his dreams in order to get involved in this.
[16:09] Speaker 6: And I'm going to point out even when you look
[16:11] Speaker 6: at Tesla, right, when's the last time we had a
[16:13] Speaker 6: new car company in the US? We have an added
[16:16] Speaker 6: for decades, the same three car companies have been sort
[16:20] Speaker 6: of dividing the market up and shrinking as foreign competition
[16:23] Speaker 6: comes in for decades. And this man created a brand
[16:27] Speaker 6: new car company. So yes, you got to believe in that.
[16:30] Speaker 5: And there when does this thing price again? It's next week? Right? Yeah?
[16:34] Speaker 5: I think it is. I think it's next week.
[16:36] Speaker 2: Stay with us. More from Bloomberg Intelligence coming up after this.
[16:43] Speaker 1: You're listening to the Bloomberg Intelligence podcast. Catch us Live
[16:47] Speaker 1: weekdays at ten am Eastern on Applecarplay and Android Auto
[16:51] Speaker 1: with the Bloomberg Business app, Listen on demand wherever you
[16:54] Speaker 1: get your podcasts, or watch us live on YouTube.
[16:58] Speaker 2: Let's turn our focus now to dive technology. Our team
[17:02] Speaker 2: here at Bloomberg Intelligence has come out with a twenty
[17:04] Speaker 2: twenty six outlook on wearable monitors and pumps and how
[17:08] Speaker 2: they are set for double digit growth through the end
[17:10] Speaker 2: of the decade. Matt Henrik sin And pleased to say
[17:12] Speaker 2: is here with us in New York as well. So, Matt,
[17:15] Speaker 2: which companies would stand to benefit from this double digit growth?
[17:18] Speaker 5: Then?
[17:18] Speaker 9: Yeah, I think there's two segments to think about.
[17:21] Speaker 1: Those.
[17:21] Speaker 9: First, the continuous glucose monitors and that's the sensor you
[17:24] Speaker 9: wear in your arm and that measures your gluecose levels.
[17:27] Speaker 9: That is Dex Common Abbot have that doopoly. And then
[17:30] Speaker 9: there's insulin pump market, which is what the devices actually
[17:33] Speaker 9: that deliver insulin to the patient once they figure out
[17:36] Speaker 9: what their gluecose levels is, and that is the insulate.
[17:40] Speaker 9: That's the Beta Bionics, Mini med tand of diabetes. So
[17:44] Speaker 9: that's a more crowded market, but those are kind of
[17:46] Speaker 9: the mage four players there.
[17:48] Speaker 4: You mentioned in your report that product approvals clinical trials
[17:51] Speaker 4: and reimbursement changes will disrupt this market. Can you talk
[17:55] Speaker 4: to us a little bit more about that.
[17:56] Speaker 9: Absolutely, and so from the product side, it's just a
[17:59] Speaker 9: continuous level of innovation that goes on from one generation
[18:03] Speaker 9: to the next. Just think about your iPhone, you know,
[18:05] Speaker 9: the iPhone six and IFO seventeen. Both dex Common Abbit
[18:08] Speaker 9: are creating new versions of their cgms, same with the
[18:11] Speaker 9: insulin pump markets. And then the reimbursement is actually the
[18:15] Speaker 9: biggest one because when we did our analysis for the
[18:17] Speaker 9: twenty thirty market outlook, it's the adoption into the type
[18:21] Speaker 9: two diabetic patients and they're a less sicker cohort of
[18:25] Speaker 9: the overall diabetic patient group. And one of the key
[18:30] Speaker 9: hurdles to get over is reimbursement that CMS and the
[18:33] Speaker 9: insurers will pay for that. Dex Common, abboit are creating
[18:36] Speaker 9: or working on clinical data to prove the benefit of
[18:39] Speaker 9: cgms for those patients. Once that data gets published. Dexcom
[18:44] Speaker 9: has THEIRS coming out next week at the ADA Diabetes
[18:47] Speaker 9: Conference in New Orleans that should help CMS or convince
[18:51] Speaker 9: CMS to be able to start reimbursing or paying those
[18:54] Speaker 9: patients for those cgms to have a pain.
[18:57] Speaker 6: Out of pocket.
[18:58] Speaker 2: Is this a market gets disrupted by AI?
[19:01] Speaker 5: Does a I help it or hurt it?
[19:02] Speaker 9: It helps? So these companies are creating their own algorithms
[19:07] Speaker 9: to be able to for the CGM side, be able
[19:09] Speaker 9: to detect the glucose and try to be proactive in
[19:13] Speaker 9: where the glucose trends are going. Insulin pumps the same thing.
[19:17] Speaker 9: They're trying to figure out the exact amount of insulin
[19:20] Speaker 9: to deliver, because if you deliver too much insulin, that's
[19:22] Speaker 9: almost as more dangerous than not delivering enough insulin. So
[19:25] Speaker 9: it's trying to find that perfect balance. AI and big
[19:29] Speaker 9: data kind of as you look through millions and millions
[19:32] Speaker 9: of kind of glucose levels, helps them be able to
[19:35] Speaker 9: be more accurate with the insulin delivery.
[19:37] Speaker 4: It's been rumored for many years now that the Apple
[19:40] Speaker 4: Watch will eventually gain a non invasive blood sugar monitor.
[19:44] Speaker 4: Where are big tech play big tech companies playing a
[19:47] Speaker 4: role here, Yeah.
[19:48] Speaker 9: And that's been going on for years. What we're seeing
[19:51] Speaker 9: currently is it's still very very far before a sensor
[19:57] Speaker 9: from outside the skin can actually measure bluecost levels. What
[20:01] Speaker 9: you're starting to see more and more actually is there
[20:03] Speaker 9: some privately held companies on what is called biolink, and
[20:06] Speaker 9: they're getting approval for a sensor that has a smaller needle,
[20:11] Speaker 9: and so you're starting to see that type of technology first.
[20:15] Speaker 9: I wussily it gets there at some point down the road,
[20:17] Speaker 9: but as of right now, it's still kind of more
[20:19] Speaker 9: of a work in progress.
[20:21] Speaker 1: This is the Bloomberg Intelligence Podcast, available on Apple, Spotify,
[20:26] Speaker 1: and anywhere else you get your podcasts. Listen live each
[20:29] Speaker 1: weekday ten am to noon Eastern on Bloomberg dot com,
[20:33] Speaker 1: the iHeartRadio app, tune In, and the Bloomberg Business app.
[20:37] Speaker 1: You can also watch us live every weekday on YouTube
[20:40] Speaker 1: and always on the Bloomberg terminal

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.