action here and there could be after-hours moves. >> we've got a flurry of central bank decisions include the fomc and a defense story, i'll be getting up in a black hawk helicopter on monday morning interviewing the president of lockheed martin sikorsky paul lemmo. that will do it for us at "overtime." >> "fast money" starts now. live from the nasdaq marketsite in the heart of new york city's times square, this is "fast money." here's what's on tap tonight. nvidia in focus, the surging semi holding a must see a.i. developers conference next week featuring a two-hour keynote from jensen huang. what it could mean for the stock. plus, on the cutting edge next week's fed meeting could give some big clues as to when the central bank will bring down rates, what the traders are keyed in on. late i, a new reality for realtors. broker commissions sending zillow and other sites plunging. is this an opportunity to get in

on the names and what it could mean for the housing market. i'm melissa lee. on the desk, tim seymour, julie bi beale. nvidia's hotly anticipated gtc conference and a fed meeting that could lay the groundwork for rate cuts and begin with nvidia. the chip standout developer's event getting under way on monday. new product launches including a possible gpu for the chinese market and other updates that could sustain its massive run. having a bumpy ride posting a small loss today up slightly since monday. for more on what to expect let's get to kristina partsinevelos. >> godfather of a.i. will take the stage. first event in five years with over 16,000 attendees flying in for two days. every hotel in the city is sold out for miles. trust me, i can attest to that.

the share have been up 80% in the last three months alone. the stock moved over 2%. eight out of the last ten trading session, even without any news as a catalyst. someone has to wonder how much is already priced into the stock and what more can the company and ceo say over two hours to excite investors? well, there's three themes that could do just that. the product road map for their plaquewell a.i. chip, how good can the memory for that? will it outperform amd? when will it actually be launched and is it really 30% higher than previous chips like the h100 so could that mean a price target of 40,000 for the chips. secondly, how a.i. adoption is growing at the enterprise level. it's been slow with most demand coming from hyper scalers that talk about the capex spending but enterprise demand is at the early inning so expect jensen to hype up other sectors and the list continues and inferencing which helps spit out answers to

questions on trained large language models. the question is will that drive future demand since it already accounts for 40% of data center revenue. will there be an update to the total addressable market as well. last we're expecting collaborations and partnerships with mike cnn, -- micron and oracle. >> is the blackwell the successor to the h100. >> there's h100, 200, the blackwell, yes, is the next step up in the architecture of the gpu, the graphic processing unit so that's why there's so much focus on the chip because it's expected to be much more powerful, have much stronger memory and that's where that collaboration with micron may come about. the problem is the price point is going to be a lot higher and then the power usage will be higher as well so we'll be looking for specs because it could dictate what happens to amd stock as well. >> kristina partsinevelos on nvidia.

a lot is riding on this in many way. >> well, and for a stock when the rest of its peers in the semiconductors have started to pull back, nvidia is 3.5% off its all-time high where the semis are off around 8%. but, yeah, the question is, what is priced in here, i think it is an exciting moment. it's absolutely both the keynote and the dynamics around nvidia showing off their full platform stack and that whole dynamic of accelerated compute across a number of really different, you know, key industries where there's omniverse or auto, i mean, all the obvious stuff and then the a.i. foundry data center and places where i think people believe this is where you're really going to hear them focus and possibly show how much farther ahead they are than some of the competition. that's what this comes down to at a time when we priced in a ton of good news. we know the addressable market or maybe we don't. but i think it almost does feel like the market needs to see something special. >> it's a prove me story with the valuations so high.

>> i think there's argument around it. valuation much higher. i'm a proponent of nvidia. what i do question is how much of the news has already been priced in and i do think probably a little asymmetrically if they don't deliver but i do not put it past jensen huang to be able to get out here and sell the gospel of nvidia and talk about how much further ahead they are and what all the use cases are so i just think it's going to be a prove me story and likely if you are waiting to get in and this -- it probably gives you an opportunity to get in. >> jon fortten was talking about how there could be an interesting cameo that could stir up the excitement around nvidia once again. >> what's the cameo? i'm sorry. >> a cameo appearance like some rock star ceo, it could be -- >> i thought you were leaving me

hanging there. >> if i knew -- >> you would have told me. then it wouldn't have been a cliffhanger. there's a case that it is cheaper than it was before anatomy sales. i don't know if valuation is stretched now or you think that maybe it could grow into it or it's already expanded to the point where there's a lot more room to the upside for nvidia. i saw that this thing, depending on how you look at it, the stock could double and still be cheap. on price because sales are increasing at the same -- or i should say at a dramatic exponentially faster pace. there is a way to move. >> if you believe that. >> if you believe it, but i think kristina touched on it, the collaboration, hewlett-packard, oracle, micron, i think those stocks probably will have the ability to move more so than nvidia next week and that's what i'm interested in watching. >> a lot of the analysts that i've talked to leading up to this event, julie, have said they will focus on also selling nvidia as a stock not just a

hardware company but also one that provides services, that is software that createsen ecosystem so there's a recurring revenue component instead of just double ordering. >> i think it's critical when you look at software businesses versus hardware businesses software businesses have recurring revenue and not this high level of fixed cost. nvidia's margins, their operating margin is doubled in the last five years and so you have to think that there's enough capacitity being built right now for them in order to continue to double their business. if that revenue materially decelerates, it has a profound impact on their profitability the way a software business just doesn't have that kind of volatility so i think that's the one kind of case is you have this high level of fixed costs absorption you have to have in order to justify this valuation, and i think as long as demand holes in, it's no problem, my concern is, it's the demand is still pretty consolidated among their customer base, right, who

can afford this chip. the more that they can broaden out their base of customer, the better and safer their businesses are over the long term so partnerships are key. >> sell the news whatever the news may be, do we lose the market monday? >> well, this could bring us into our market conversation because i think the market has some interesting cross currents that we got out of this week. rates were higher, wide the worst week for bonds all year. we have a fed, we have dynamics around inflation, much stickier this week but back to nvidia, i think it's important, having said that, you can make an argument and look across the nasdaq, nasdaq has sputtered for a month. nasdaq is really done almost nothing in a month of which semis are a major part of that. you can see where the broadening of the market is happening at a time when, i don't know if semis have peaked for this short term. i continue to believe that until they stop making relative highs against the s&p and even of the nasdaq, that i think the market is going to go higher but they are not solely responsible for the breadth in the market here, so the question is how many

rabbits can nvidia continue to pull out of the hat? and if you think about what they've already given the market at different times and this is not an earnings release, this is truly kind of a state of the union -- we just had a state of the union. but their development cycle may be faster than people think. think this is a company far ahead of everybody. if you think there might be nothing tomorrow, or on monday, there might be something and, again, as kristina pointed out there is some incremental progress on the 200 chip. some of the other dynamics. i think they're going to give the market something, it's just a question of what the market really wants to do with this but i don't think we need nvidia right now the way we might have felt like we needed them a month ago. >> i think you need microsoft. i think we've seen this week where microsoft sort of staved off a lot of the sell pressure on the qs and nvidia's only about 6% of the qs. not that microsoft is that much more but it's 9% of the qs but it's a lot of how you think about the overall market. microsoft seems like a steady

eddie if that. if the market lost microsoft for any extended period of time the market is in trouble. i'd rather hold microsoft and have nvidia be volatile instead of the other way around. >> chart master carter is here. what do you see? >> we'll get right to it. before the charts you're talking about how much nvidia will affect the market next week. it's important to point out that nvidia's been down 5 out of the past 6 sessions. s&p, identical. five of the past six session answer the same session, qqq also, which is to say i think nvidia obviously has a lot to do with what the market is going to do on the day-to-day basis coming ahead. anyway, let's go right to the charts. there are three long-term charts and they're identical and then one we'll wrap up with short term. the period in which effectively the stock went from 10 to a thousand. and now let's put some lines in.

we have a well-defined internal trend line, literally we have come up against this line for the fourth or fifth time, just to sort of annotate that further, let's put arrows in. you'll see we are touching this line. last week we touched it to the penny and that's where we got that massive backoff, that outside reversal day and so the question is, is it a big move to a difficult level, i think that's the case. let's zero in final chart and this would be the here and now chart. it's that textbook breakout. the stock made no progress essentially trading at 500 for six months and at the beginning of the year it broke out from a well-defined formation and it doubled effectively going to a thousand. and i think you have price discovery here, whatever might be coming in the conference next week or whatever it is, can you have price recovery two out of ten years? of course, not. no one can discount that. has the doubling year to date discounted what lies ahead the next week or weeks ahead, month

or two? i think, yes. >> all right, carter, thank you carter braxton worth and see you later on in the hour. meantime, what's your reaction? do you think we've seen 9 the bt of it. >> i think you'll reach a period of good consolidation. not that there's anything questioning the story but in the time frame that we're speaking of, right, i don't expect that to tinge for the next week or couple of weeks. >> all right. and we should mention that jim cramer will sit down with jensen huang next week. catch the first part live at 10:15 a.m. on tuesday and more with "mad money" at 6:00 on cnbc. next week's other big event, the fed decision. markets keen to see how the central bank will digest the inflation report, all major indices down for the week. both notching two straight weeks of losses for the first time since late october while the dow was down three weeks in a row. ten-year yield hitting a more

than two-week high today so what should investors expect? do you think that we are going to set up for a june cut or do you think the fed sort of moves that out? >> i think they're going to continue to be posturing pretty vague because the data is a little bit mixed right now. obviously, you know, the prints were hotter for ppi and cpi than we would like and it feels like it's a little bit what they had warned about, which was, you know, we would make a lot of progress going from 9%, 10% down to 3% but that last percent seems to be pretty stubborn. we're getting it on goods but it's in the services sector we continue to struggle to see any real progress and so i think that they want the flexibility to be able to stand pat here and stand pat for the early part of the summer, you know, i think, you know, we look at june, june starts to look different. i know people are talking about september rate cuts, but i think they're going to be limited how much they can really do politically as far as rate cuts right before an election cycle.

>> what do you think, tim? still looking to june. >> yeah, i think i am although we've obviously given ground on that. if you look at where -- we've seen a couple wall street housing in the last couple of days have to cut them into three cuts when they're at four or five so this is a function of the calendar at this point. it's starting to compress. less time left in the year and ppi as julie pointed out. cpi, different parts but owner's equivalent, rent, dynamics and on the pp side, it's not easy. retail sales was a little disappointing this week. there are people out there, bank of america, i have a ton of respect for, michael, using that stagflation term. if we have stagflation, even a little bit of it, you'll continue to see the parts of the market that would respond. that would be gold and bitcoin but i think it would be energy and health care and i think there are parts of the market that actually have started to broke out, started to outperform and are going to continue to perform despite what the fed

says. julie is right. there's not a whole lot they can give us right now and they're going to hang in longer than they can. not until we start to see restrictive policy again when rates are higher than the rate of inflation, so by, you know, by default it is restrictive right now, and we won't know 248 we know and that means it's already happened. right now the fed this week coming is kind of a nonevent. futures markets have done a lot of the work for them. >> i think that's -- where tim left off, i think if you find that the data really starts to slip off the table, the fed has waited too long. so, they don't want to -- i think what everyone is waiting for is to really see something that says, they have to cut now. and you're not going to see that. he's going to cut, hopefully, before that time period happens, so if you look at next week, i think he's going to tweak qt. then i think he's going to cut before june because of the same thing that julie said. >> he's -- so it will be an tra

meeting cut. >> cut rates prior to june. i think now you're going to see them tweak. the next meeting he's going to tweak qt then the next round of meetings he's going to cut before june. that's what i believe. and for the reason why julie said, you purposely want to stay away from the election so i think he went out of his way to say we don't really need to see things fall off a cliff. we just need to see things moving in the general same direction and i don't think cpi or ppi, i don't think they really discontinued the same general movement. >> you've become more dovish on the fed in -- i mean -- >> yeah. >> your point is that you're significantly more dovish than where the market is. >> i've always been and i haven't seen anything to change my mind. as a meat of fact i'm more convinced on powell's own words the last time that he was at those meetings, was at the post

fed interview because when you think about what he said, he just said, we don't need to see something drastically improve, just the same general direction, it seems like he's setting it up so that he has more latitude. >> i agree he's setting it up so he has more latitude. i tend to agree a bit more with julie. i hear both of you in terms of political posturing and not wanting to see that will be a catalyst one way or another but i think kind of accelerating the time line still gives you that same problem where you're just trying to get the rate cuts out in front of the election cycle. i think if anything that would lead me to kind of lean towards you is the retail sales number because if we don't see anything there, you know, but you haven't seen that follow-through in wages and haven't seen the follow-through in terms of employment, so i still think that ppi and cpi number gives you a little more latitude to say, let's wait and make sure that there's follow-through before it's pivoting. now reaching more of a place of

equilibrium and moved from march being all but a given out to now june being called into question. >> i don't know that june is -- so -- >> june is not a given. >> to be clear, i'm not -- >> i'm saying if anything we could miss june. there's only a handful of inflation point, data points until we get to the june meeting based upon where the fed is meeting is scheduled so they're not going to rush in too soon. if anything they'll rush in too late and that is always a problem, but that's what we'll get this time, not too soon, i think. coming up japanese stocks on a tear but a big shake-up could be brewing ahead of next week's pivotal central bank meeting. what it means for the world's fourth largest economy. bitcoin may be off record highs with surprising effects on an unexpected sector. the impact crypto is having on the electricity grid. >> announcer: this is "fast money" with melissa lee right

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her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we got him under a new plan. but then they unexpectedly unraveled their "price lock" guarantee. which has made him, a bit... unruly. you called yourself the "un-carrier". you sing about "price lock" on those commercials. "the price lock, the price lock..." so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. money." japan's largest trade union saying workers in the country are set to receive their largest

wage hike in 33 years. the unions saying its 7 million members are expected to get an average increase of 5.28%, much higher than expected. the news comes ahead of a key bank of japan meeting next week where investors are watching whether the central bank will raise rates for the first time since 2007 and shift away from its negative interest rate policy, also giving up yield curve control. what do you think, tim? this is sort of widely speculated around this wage hike. >> it is. i think this first of all these numbers came in a lot hotter and i think they might wait until the april meeting. this is essentially we're having conversations like this in the u.s. and they're having them in japan. the first move is to actually get rigates back to even. we'll formally stop ycc or yield curve control, and then finally, i think they're going to have to communicate in terms of what they're doing in buying of jgbs. it doesn't change the story of investing in japan where i'm overweight. there's different places where i think you can get your exposure.

it's possible, and, look, the yen will appreciate on the back of this. think about wage numbers and consumption in japan and what low inflation in japan means at a time when there's been significant corporate reform, pressure on the companies to pay out, i think the japanese corporate sector from a corporate governance perspective hasn't looked this good in decades and i think you stay long. >> it's amazing. it's been eight years of negative interest rate policy in japan. >> crazy. so that's why it's like our fed. i don't think they can rush right in. >> you mentioned whether they buy jgbs and itfs and other risky ssets. that's an interesting component of it, as well. >> i think a lot depends on their ability to drive better personal consumption internally starting to see that in the wage gains are really meaningful and have these large multinational businesses in japan that are benefiting from a very soft yen and able to do extremely well and they're passing on wage

increases, 14% i heard, 7%, that's very, very meaningful to the consumer confidence in that market and their ability to improve personal consumption, so it feels like it has the potential for a virtuous cycle. a lot depends on what happens with the yen. >> i think this definitely is positive for the catalyst or thesis around investing in japan. as you know, that's part of my acronym for this year, d.i.g.s. and pushes that follow-through there and julie mentioned the consumption. i think the wage growth needs to translate there in order for us to really see that there's a justification for us leaving this and there will be a natural background. >> can we refresh d.i.g.s.? >> you want digi? digi digs. you're not digging my digs. >> what it stands for. we've had a lot of fun with acronyms over the last couple of days.

digs is cool. >> why should it be digi? >> i was looking for a refresh course. >> poking the bear. >> we sure do. >> what do you make of this trade now. >> so, if you look at it, tim touched on what it does for the currency and in large portion, their market has been helped by their currency not appreciate yachting, so you would think just at face value unless they do what you said, unless there's etfs involved and there's a whole -- an array of things that they'll do around this rate hike, but you're still talking about drastically low rates in japan. it's been weighted forever so the people are angry that the wages were not increased but i could see this as being a top point for the market near term because obviously if the yen appreciates, it's going to hurt

exports, which will hurt eventually the market. >> how does that impact -- you know, it's funny, biggest wage increase in 33 year, stock market is at a 33-year high, as well. >> yeah, steve is right. to the extent a stronger yen, japan is also -- it's a consumption economy but, look, the heydays of japan they were an export economy. they were china before china was china and so i do think a stronger yen and the yen has been artificially absurdly weak. we've seen, you know, in terms of terps like three standard deviation moves, it needs to come back in. the markets had such a great value and i think the consumption dynamics in addition to eps are things to own. >> a lot more "fast money" to come. >> announcer: electric trades from evs to bitcoin. the nation's energy infrastructure is under high demand. we'll shed light on how to trade the sectors that could be most

impacted. plus, a double dose of options action, the chart master and the professor lay out ways to play two big earnings reports next week. how you can be primed for profits no matter which way results go. you're watching "fast money" live from the nasdaq marketsite in times square. we're back right after this. (el) fashion moves fast. setting trends is our business. we need to scale with customer demand... in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and greater agility. (marquis) with a custom private 5g network. our customers get what they want, when they want it. (jen) now we're even smarter and ready for what's next. (vo) achieve enterprise intelligence. it's your vision, it's your verizon.

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welcome back. demand for electricity on the rise for the first time in decades. the reasons might surprise you. "the new york times" reporting that a surge in bitcoin mining and ironically the demand from the battery and solar factories central to the clean energy movement are racking up electricity use across the country and could threaten u.s. climate goals. steve, what does this mean in terms of, i mean -- >> i think we've all talked about it, right? when you set these guidelines and i get it, an administration has to sort of whiteboard and throw numbers out there but when you say that you're going to be off the ice engine, internal combustion engine and when you say you'll be off that by 2035,

or whatever the number is, and you expect everyone to follow suit. the problem is people start following suit so ford and gm started stumbling over themselves so you wind up creating unintended consequences where the infrastructure, the grid is not ready and prepared for the strains that we put on it. so you have to really sort of wait till things catch up. the only solution now, there's got to be an all of the above, nat gas, fossil fuel, coal, everything and the true thing, the only thing that is carbon neutral is nuclear and nuclear when somebody says that, you say, not in my backyard. i don't want to build another plant. it takes six to eight years to build another plant. >> that's the problem. if they want to build a lot of plants quickly it's not going to be alternative energy plants for sure. those take much longer in terms of personaling and the supply chain, et cetera. they'll be building gas plants. >> i think fossil fueled, you know, electricity, utilities

will be a big part of coming up with the energy demand growing 5%, 6% per year and based on ev and the need to upgrade the grid, i think all this says you want to buy integrated miners. the copper demand, more demand on copper, whether coke and coal or other places where electric utilities are able to, you know, coal-fired electricity generation is increasing. it's not what we want and there's certain parts. the world where it happens. i think the trade ultimately out of this is, look, i love nuclear. i'm very long in that sector. i have been for a long time and that is one of those things. it doesn't happen overnight nor did it seem like the trade would, although at points in this year and in the last three to six months we've gotten headlines coming out of nuclear that are very, very impressive. >> yeah, julie, where is your trade here? >> my favorite trade is, you know, a million years ago i used to work for the municipality of los angeles and i worked a lot with the utility here and you

would be shocked how much the municipal grid is really held together with band-aids. literally. >> would we? >> it is so underinvested in and a lot of policymakers wanted to feed in tariff in los angeles and had german specialists who had done their own said do not do this. it will break your grid like you will not believe. so that's the problem is when you have policy that doesn't actually get informed by the practicality of it, company i like is aspen technologies. they have great grid optimization software that will be really successful. that's azpn. >> yeah, i think constellation energy is another strong performer. another dark horse is nat gas. it's been a laggard across the commodity complex. this might actually be the type of catalyst it needs to get some foothold. a double dose of "options action," the chart master and professor khouw and a major

buzzkill for zillow after a decision that could change the home buying market as we know it. we'll tackle the fallout right after this. >> announcer: missed a moment of "fast," catch us on the go and follow the "fast money" podcast. we're back right after this. at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial.

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money." earnings season is winding down but a handful of names reporting next week caught our eyes and let's lay out what we expect in nike with the og "options action" crew. carter worth is back to lay out the key levels and mike khouw has the trade so let's get to nike now. carter, what do you see in the charts? >> yeah, sure, let's just pull up one chart. i mean, this doesn't act well, the last quarterly report stock dropped 12%. you see the gap there and threatening to breach the lower band of these converging trend lines. i don't like it. i'm a seller. >> all right. that's straightforward. mike, what's the trade off that? >> yeah, i mean, look, nike is trading at a slight discount to its historical valuation but they had given us pretty grim-looking picture back in december and that was confirmed i think by foot locker's results

so 23 1/2 types earnings is fine if the company is growing but expectation is they're not going to on the top line, so i think actually the way to play this considering the fact the stock is already down over 8% year to date and you sort of are pressing that bearish bet is to use a short dated put spread which expires at the end of this coming week would be one way to make that bearish play by only risking a small percentage of the current stock price. that's going to cost you a little less than $2.40 a share to put that trade on. >> all right, let's move on to fedex also reporting thursday. carter, what do you see in the charts? >> sure, so almost an identical reaction to its earnings results last year and you can see the drop in gap in the chart, exactly what nike did so we have another circumstance where stock is exhibiting bearish price volume correlation and very poor relative strength to the market. more of a pair of 2s less clear but if one has to be directional i'm a seller.

>> well, that's more optimistic than i don't like it, sell it. [ laughter ] mike. what's the trade is. >> yeah, i mean, this is an interesting situation, right, because we have sort of a bad backdrop for them fundamentally, but then on the other side, trading 14 1/2 times earnings you kind of figure that some people, bargain hunters will step in. i would caution them against doing that. we are looking at a nearly 7% implied move in the stock and i think the way you want to play this is actually with a calendar spread looking at the march 28th weekly may 250 calendar put spread, selling the shorter dated one and quite surprise will go i the short dated put covers the bulk of that longer dated put purchase so you will see it within this range and if the news turns out to be somewhat negative thereafter you get to own that at quite a discount. >> all right. tim, you've trafficked in both names. what do you -- >> nike, for all its best in class and this is for carter and

mike, the stock has done nothing since precovid. having said that it's had a couple big runs. from foot locker a few weeks ago is interesting, 60% of their sales, may give you some sense of the nike margin. i think between u.s. and china dynamics, the wholesale channel something to be worried about with nike. even though the secular trends in health and wellness and even in ink know vegas in sneakers, you know, i like it long term, but i don't love it here. >> which trade do you like. >> i'll follow through on nike. i like the nike trade. i'll cover from the options standpoint. i think if you press a short and it has had a precipitous fall do it through options versus running a risk of having to go cover. >> yeah. >> can you imagine if we asked carter what he thought of underarmour's chart. that would be a horrendous result. >> we actually can. i mean, he's here. >> look how many boxes are up there. >> is this a record? >> no, i mean, no, there's been eight in the past.

>> we've boxed up more than that. >> carter. >> yeah. >> i mean, what do you think of under armour's chart. >> one of the first rules is if it is in a down trend jem be cautious. up trend generally be optimistic. under armour, talk about not performing well, you know, the burden of proof is on the bull. the bear has to point to look at the mess we've got. >> carter has such a nice way of making a question sound absolutely stupid. >> sounds like a pair of 2s. [ laughter ] julie, do you think fedex is in any way, shape, or form a bargain? >> no. i think a lot of the dynamics around them, there's so much uncertainty you interest to take on whether it's what is going on with their postal service contract, their pilots union. it's just to me it's one of those really messy cases that you knew in college and you'd rather not be friends with. >> all right. carter and mike, nice to get the band back together sometimes. thank you. >> you bet.

>> carter braxton worth and mike khouw. a real estate reality check, a key ruling sending property stocks like zillow, and redfin dropping into today's session. the trade straight ahead. later, courting new bettors as march madness kicks off. we'll dive into the surge in female fan engagement which games are gettinthe stg mo attention. we're "fast money" right after this. go. and go and go and go. (tense music) but what if you. (tense music) stop! you work hard. it's time for a bank that'll work hard for you. everbank performance savings is built to put your money to work with some of the highest rates in the country. going, that's what got you where you want to be. we're the partners for your next move. everbank. advantage, you.

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welcome back to "fast money." we have a market flash on hashicorp. shares jumping in the after hours and julia boorstin has details. >> they are said to weigh a potential sale and shares up 11 1/2% on this report. before this move, the stock was up 12% year to date. it was about flat over the past 12 months but we see it really popping higher in after hours on that bloomberg report. over to you. >> julia, thanks. julia boorstin. meantime, a landmark settlement from the national association of realtors sending shares of zillow and redfin and compass falling. they eliminated the standard broker commission to home sellers, often as much as 6% and pay $418 million over the next four years to end litigation. it could significantly reduce

costs to buy and sell a home. great for the parties involved in terms of the home but not for these guys. what do you think? >> yeah, look, i think when you're in a zillow situation, you're a very high margin business and this hurts you a lot less. you can make an argument the operational leverage in the business is taking a huge hit here. let's see how the industry responds. the white house is throwing everything they can. there's all types of ways to try to stimulate the housing market. i kind of like zillow here frankly, i don't think you need to chase it. valuation not terrible and got through the asset-heavy part of the business. >> enough to stimulate the market. >> i don't know if it's enough to stimulate the market but i would assume that it stabilizes the home values, because wherever that money comes from winds up going back to the other side of the equation. i think that 6% is without getting provocative, i think it was probably an egregious amount

of money. >> i wondered what you were going to actually say. >> if we go back -- if we go -- >> provocative could mean a lot of thing, not just high commissions. >> remember the guys running around the floor, i was one of them on the floor, the amount of commissions we used to charge was an exorbitant amount of money and the market and electronics and technology catches up with it so i think it's just catching up with the market. >> steve just said he was overpaid early in his career. overpaid. >> probably overpaid now. >> wow. all right. coming up, catching fire today and the headlines that have these names lighting up. "fast money" is back in two.

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welcome back to "fast money." march madness kicks off this weekend with selection sunday and sports betting companies are prepping for one of the busiest parts of their season. this year women's college basketball is drawing particular interest. what is behind this trend and who is behind the betting? let's get to cnbc's contessa brewer for the details. >> that's me. march madness kicks off with selection sunday and women's

college basketball like women's sports more broadly is surging in fan engagement and viewership and sports betting. draft kings told us the amount wagered or handle on women's sports has roughly quadrupleed in the last three years. even though women gamble and casinos and online in roughly the same percentages as men, when it comes to wagering on sports american men far outnumber the women, by 95% according to a 2023 research report. the american gaming association says that number has grown. it estimates 26% of u.s. sports bettors are women. penn entertainment spent billions ditching that barstool brand with its bad boy locker room humor and relaunching as espn bet and in fewer than two months penn boasted 35% more women in its digital database than in the same time period the previous year. bet mgm says this year a 51%

increase in the number of female betters wagering on the super bowl and why do you that is, melissa? >> why? >> there was a super bowl romance story and it drove female engagement but here's the thing, just because they try it doesn't mean they'll stay. so it's up to the apps and the sp sportsbooks to create a product women like. >> that research report, the 2023 research report you cited do they have information on whether women were better bettors. >> than men, because women as you know tend to be thought of as being less risk averse, and more careful with their, say, investments. we've seen similarities there where it says that women say they're more comfortable with investing when they have more knowledge and, in fact, we just saw a recent research report that showed something like 20% of women said, yeah, i know what i'm doing and the rest said maybe not so much so that's another key, how do you educate more women investors and women

betters about the product so that they feel confident. >> i thought maybe women might win more money because they don't make dumb bets. >> ooh. >> oh, wow. >> what if i had said that, steve? >> women made dumb bets? >> i'm not going to go near that. >> contessa, thank you. >> sure. >> contessa "betting" brewer. ju julie biel, will you wager on anything? >> i agree it is up to the sportsbooks to make the experience a positive one and i agree, you know, studies have shown women are better investors because they're betting at cutting losses and typically better at holding winners, so super sorry about that, guys. >> betting on caitlin clark. she's amazing. >> bet on her. >> sure. >> come on. >> you were saying that. you said it to me. >> meantime, cannabis stocks on fire amid hope the drug enforcement administration may soon reschedule marijuana as a

less dangerous drug. stops jumping higher after vice president kamala harris urged the dea to work quickly to review the drug's classification, so, tim, pot king, we got to go to you. >> as quickly as possible she said and so within the cannabis community this is the whole point that the biden administration has the ability to control every step of this process. this does not require legislative dynamics so what this means in terms of profitable, the punitive taxation about being scheduled as a drug similar to heroin and, you know, it's absurd, those are her word, by the way. it's interesting to note also that, you know, at a time when we've seen, i'm not comparing the two industries but think about the influx into crypto and into what you have seen with bitcoin, if you get the institutional world able to invest in cannabis, i think it's a game changer. there is a whole wall of capital. this is still a retail market and would change a lot of it. doesn't change the legality but would allow i think a lot more of thesecans to have the type of

influgs that i think -- the companies that are trading on the tsx, curaleaf outperformed. those companies that are places where institutions trade more about better. it's secret to think about with what we've seen going on with crypto assets. i think we're relatively close and have had so many head fakes in cannabis, but, again, if the administration wants this to happen, biden appointed the dea. if he's urging this, i think it happens. >> ist is an election year and always a hot button topic. >> the problem to tim's point, i agree with almost all of it. the problem is the black market where it's the illicit drug market that is pulling people away. if you're not going to prosecute for crimes where it's individuals that are smoking pot, then there's no reason -- i mean we're in times square. i get off the s train, you smell it and it's not coming from any store. so, that's the problem they need to crack down on to make these

stocks actually flourish more. >> black market is the biggest competition. they said that about sports betting. >> the illicit market. >> say that about sports betting too and that industry is -- >> steve is right. look at new york city. they've got to get their act together and over the last couple of days there's been a lot here. i ido think the illicit market s a big deal. >> up next, final trades.

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♪(song in french)♪ (♪♪) (♪♪) (♪♪) (♪♪) book in the hotels.com app to find your perfect somewhere. final trade. julie. >> i mentioned before aspen szpn for its grid technology.

>> tim? rio, integrated miners. had this whole chat. >> bonawyn. >> stock puts, tick up will be equity volatility. >> steve. >> i own it now and i think it's got a decent amount of upside. >> thanks for watching "nasa." have a great weekend. my mission is simple, to make you money. i'm here to level the playing field for all investors. i promise to help you, mad money starts now. hey, i'm kramer, i'm just trying to make a little money, my job is to teach and we will do a lot of teaching tonight. you can call me or treat me & jim cramer